Siemens To Cut 7,000 Jobs, Half Of Them In Germany -- The Market And Energy Page, Part 3, T+299 -- November 16, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Siemens To Cut 7,000 Jobs, Half Of Them In Germany -- The Market And Energy Page, Part 3, T+299 -- November 16, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Siemens To Cut 7,000 Jobs, Half Of Them In Germany -- The Market And Energy Page, Part 3, T+299 -- November 16, 2017
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Siemens To Cut 7,000 Jobs, Half Of Them In Germany -- The Market And Energy Page, Part 3, T+299 -- November 16, 2017

GE? Nope, Siemens: Right, wrong, or indifferent, I associate Siemens with German wind energy. Today, Siemens announces a cut of 7,000 jobs, half of them in Germany. From The Financial Times:

Siemens on Thursday said it will cut 6,900 jobs as the large German industrial company responds to “unprecedented” change in the power generation market. 

The company unveiled the plans as part of a “consolidation” that will affect three power-related divisions, and aims to “increase capacity utilisation at production facilities, drive efficiency and enhance expertise by bundling resources.” 

“The power generation industry is experiencing disruption of unprecedented scope and speed,” said Lisa Davis, member of the managing board of Siemens.

If Siemens is still involved with energy (and I don't know if they are or not), the company did a disservice to all by not mentioning the real reason for their challenges.

Saudi Aramco just lots its biggest investor. No comments necessary. From Bloomberg:

Selling the world’s largest initial public offering wasn’t going to be easy. For Saudi Arabia, the mission just got a lot more complicated: the Aramco IPO won’t have the support of the biggest equity investor.

Norway’s $1 trillion sovereign wealth fund has proposed dumping all its oil and gas stocks -- roughly $35 billion -- to diversify away from energy. The Nordic nation is one of the world’s top oil producers and its fund invests heavily in energy, owning large chunks of Big Oil as well as stakes in major state-controlled companies including Petrobras of Brazil and Sinopec of China.

The exit, if backed by the government, will create two problems for the Saudis. First, it eliminates a potential cornerstone investor either ahead of the IPO or during its book-building. With Riyadh hoping for a valuation of $2 trillion -- and raising $100 billion selling a 5 percent stake -- Aramco will need every investor it can get. Second, it’s likely to embolden those who view oil companies as potentially stranded assets that should be avoided. That, in turn, could reduce the appetite among Western pension funds to buy into the IPO.

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