Siemens chief Executive Officer Joe Kaeser has defended his conduct against US president Donald Trump. “I congratulated American President on tax reform for companies and not for his first devote or way he reacted to right-wing radical demonstrations,” said Kaeser of Süddeutsche Zeitung (payment barrier). Congratulations on Trump’s corporate reform.
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Kaeser had been criticized because he sat at World Economic summit in Davos last week at dinner next to Trump and said to cameras, Siemens congratulate Trump on his tax reform. The new rules save group billions in taxes. In addition, Kaeser had renewed its announcement of wanting to manufacture a new generation of gas turbines in USA.
“I believe that president will really help his country with reduction of corporate taxes,” said Kaeser SZ. If companies were to determine where y settled, economic environment played a role, including tax aspects. “This reform will lead to growth, investment and thus more jobs.”
Kaeser said that wher plan to allow gas turbines to be developed in United States is related to tax reform alone. “But in addition to market proximity, employee competence and intellectual property protection, favorable economic conditions are also a factor.”
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Kaeser also argued that it is better for managers to leave political discussions to politicians. “I criticized Trump’s immigration policy a year ago, and it is possible to do that in individual respects.” That politicians first think of ir country and ir constituents is not reprehensible, y commit constitution. “Besides, America first is not bad, as long as it doesn’t mean America only,” said Kaeser.
The fact that Siemens is considering USA as a production location for its gas turbines has been known since June. Many workers in endangered German works, however, felt statements of Kaeser as mockery. On one hand, 2017 business figures showed that group was able to write second record year. The profit from Siemens rose by 11 percent to 6.2 billion euros. On or hand, Siemens announced in November that it would delete around 6,900 jobs worldwide, roughly half of which were in Germany.
The company wants to “make painful cuts” in power plant division, as board and Supervisory board call it. Because power plant and turbine run poorly. “There will be considerable personnel restructuring expenses”, it is in annual report. The works in Görlitz and Leipzig are to be closed, and cuts should be made in Offenbach and Berlin. The plant in Erfurt is to be sold.
However, it is open wher project will be implemented as planned. When asked wher work in Görlitz would not be closed, Kaeser said: “If anything, that would not be before 2023. What is afterwards, we must see. “
