After several fat years is the largest German steel group ThyssenKrupp on lean times. "The economic slump in the auto, engineering and construction industries is Thyssen Krupp also left," said chief executive Ekkehard Schulz on Friday in Essen. With the figures for the previous fiscal year 2007/08 surprised Schulz still positive. In the current fiscal year, however, he expects sales to decline. At a precise forecast, he wanted not specify. From job cuts have not been talking Schulz. Thus goes for his strong workers' representation known group had a different path as a world leader Arcelor Mittal. This has been the reduction of worldwide up to 9000 posts announced. Temporary work also is not currently on. "The short element is with us still not planned," said Schulz, whose contract early in the year ahead to 2011 had been extended. He concluded short but not sufficient, should be the elimination of residual leave, overtime or temporary workers in the first quarter of 2009 to be exhausted. INVESTMENT COULD BE RESCHEDULED "How are caused by the financial crisis triggered rejections impact, is currently difficult to estimate," admitted Schulz On. The company has about 40 percent of its steel in the auto industry, which is struggling with sales slumps. The demand and prices for steel have as much relented. How ArcelorMittal or the German industry Second Salzgitter, ThyssenKrupp to respond with production cuts. In the current fiscal year are expected Schulz declining revenue. "This will result reflected accordingly." For years, ThyssenKrupp thanks to the global steel boom, a record profit after another retracted. In the past fiscal year, sales increased to 53.4 (51.7) billion. The bottom line deserved ThyssenKrupp 2.28 (2.19) billion. The shareholders as a dividend in the previous year of 1.30 euros per share. The industry likes to as the "Iron Ekki" designated chief executive, the annual costs by more than one billion and possibly lower investment in a magnitude of around 500 million euro move. "They are not deleted, but a half or one year stretched," said Schulz. The planned steel plants in Brazil and the United States should in any case to be finalized. "We are firmly convinced that ES 2010 goes up again." THYSSENKRUPP collects MEDIUM-TERM FORECAST Schulz Sheehan the previous medium-term forecast of 2009/10 will be consolidated on a turnover of 60 billion, an EBT before exceptional items of four billion euros achieved. As a medium-to longer-term goal although he gave a turnover from 60 to 65 billion euros and a pre-tax profit four to five billion euros. To a year to Schulz, but did not specify. "2012/13, it is likely to not be achieved." |
Friday, November 28, 2008
Fats years have gone to Thyssenkrupp
Vodafone is examining the purchase of Kabel Deutschland
The message was only half-heartedly denied: "We always look at the market," said a spokesman for Vodafone. The Handelsblatt reported earlier, the German subsidiary of British mobile giant plane, the TV cable operator Kabel Deutschland to take over. Vodafone let the value of the company and a possible financing durchrechnen. Further details were not to know yesterday.
Clearly, however, is among industry experts that such an exercise a high degree of plausibility has. In mobile communications, the core business of Vodafone, has allowed the group with an increasingly tough price war to do so.
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Therefore, management has decided that the fixed subsidiary Arcor, which some time ago should still be sold, even more in the group to integrate. This is aimed at the so-called triple play: telephony, Internet access and Internet television from a single source. The TV division is the least developed so far in this triad. As a cable operator would be just right. On mergers of this kind in the industry has long been speculated, since the infrastructure for the transport of television images in the hands of financial investors, whose return is far ideas have not been met.
Kabel Deutschland is by far the largest operator of cable networks, he is in the new countries, in the north of the old countries as well as in Bavaria and has good eleven million customers. The company is controlled by U.S. financial investor Providence Equity Partners.
Clearly, however, is among industry experts that such an exercise a high degree of plausibility has. In mobile communications, the core business of Vodafone, has allowed the group with an increasingly tough price war to do so.
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Therefore, management has decided that the fixed subsidiary Arcor, which some time ago should still be sold, even more in the group to integrate. This is aimed at the so-called triple play: telephony, Internet access and Internet television from a single source. The TV division is the least developed so far in this triad. As a cable operator would be just right. On mergers of this kind in the industry has long been speculated, since the infrastructure for the transport of television images in the hands of financial investors, whose return is far ideas have not been met.
Kabel Deutschland is by far the largest operator of cable networks, he is in the new countries, in the north of the old countries as well as in Bavaria and has good eleven million customers. The company is controlled by U.S. financial investor Providence Equity Partners.
People and markets
Chinese rich in Sight
Probably the richest Chinese Huang Guangyu is under the suspicion of stock manipulation and is at the forefront of China's largest electrical retail chain Gome since been replaced. On Friday the stock exchange supervisory called the first concrete allegations. According to media reports the Chinese billionaire is therefore already a week ago has been arrested, an official confirmation of the arrest but is not yet available. On Friday it was because of possible "economic crimes" targeted the judiciary guessed Huang Guangyu also at the forefront of its electronics chain Gome through a transitional leader replaced. In addition to his ongoing investigations Chief Financial Officer Zhou Yafei. dpa
Arcandor builds executive order
The trade and tourism group Arcandor builds to its Board. Chief Financial Officer Peter Dieschen (54) and purchasing chief Helmut Merkel (59) to leave the company. Moreover moves Stefan Herzberg (43), Managing Director of Karstadt Warenhaus GmbH, at 1 December in the Bureau. The responsibility for Karstadt on the board was also at least Dieschen CFO of the end of the year for personal reasons retires. His successor will be Andreas Ruediger Guenther, previously inter alia, for the finances of the semiconductor group Infineon was responsible. Will also stop Helmut Merkel (purchasing, IT, logistics). dpa
Modest Thyssen Board
Compared with the content of the six Porsche board are the salaries of the eight-member leadership body of ThyssenKrupp after being modest: 19.8 million euros earned the entire Board in fiscal year 2007/08 (September 30). This is apparent from the annual report showed. On CEO Ekkehard Schulz accounted for 3.6 million euros. For comparison: Porsche boss Wendelin Wiedeking was estimated at 77 million euros around 21-times as much as the Chairman of Germany's largest steel group. Since Page 14
Correction
Through an oversight, we have in our Friday edition in the article "EU wants to facilitate collective action" a false photo prints. Instead the EU Commissioner for Consumer Protection, Meglena Kuneva, Nancy Nord was shown. North is head of the Commission on Product Safety in the United States. We ask the error.
Probably the richest Chinese Huang Guangyu is under the suspicion of stock manipulation and is at the forefront of China's largest electrical retail chain Gome since been replaced. On Friday the stock exchange supervisory called the first concrete allegations. According to media reports the Chinese billionaire is therefore already a week ago has been arrested, an official confirmation of the arrest but is not yet available. On Friday it was because of possible "economic crimes" targeted the judiciary guessed Huang Guangyu also at the forefront of its electronics chain Gome through a transitional leader replaced. In addition to his ongoing investigations Chief Financial Officer Zhou Yafei. dpa
Arcandor builds executive order
The trade and tourism group Arcandor builds to its Board. Chief Financial Officer Peter Dieschen (54) and purchasing chief Helmut Merkel (59) to leave the company. Moreover moves Stefan Herzberg (43), Managing Director of Karstadt Warenhaus GmbH, at 1 December in the Bureau. The responsibility for Karstadt on the board was also at least Dieschen CFO of the end of the year for personal reasons retires. His successor will be Andreas Ruediger Guenther, previously inter alia, for the finances of the semiconductor group Infineon was responsible. Will also stop Helmut Merkel (purchasing, IT, logistics). dpa
Modest Thyssen Board
Compared with the content of the six Porsche board are the salaries of the eight-member leadership body of ThyssenKrupp after being modest: 19.8 million euros earned the entire Board in fiscal year 2007/08 (September 30). This is apparent from the annual report showed. On CEO Ekkehard Schulz accounted for 3.6 million euros. For comparison: Porsche boss Wendelin Wiedeking was estimated at 77 million euros around 21-times as much as the Chairman of Germany's largest steel group. Since Page 14
Correction
Through an oversight, we have in our Friday edition in the article "EU wants to facilitate collective action" a false photo prints. Instead the EU Commissioner for Consumer Protection, Meglena Kuneva, Nancy Nord was shown. North is head of the Commission on Product Safety in the United States. We ask the error.
Plaintiff fails in the first Lehman Process
The nation's first to process papers to the insolvent U.S. bank Lehman Brothers is the investor with his plea failed. The Savings Bank in Frankfurt had advice of the man made no mistakes, the District Court of Frankfurt. The plaintiff's lawyer announced on appeal. Other representatives of Lehman-injured stressed the individual nature of the decision.
Of the 76-year-old plaintiff had on the advice of the Savings Bank at the end of 2006 jointly with his wife 12 000 euros in a complicated Lehman paper inserted and early sued, as the performance of his ideas are not represented. As the action has already expired, he suffered from the insolvency of the U.S. bank in September 2008, a total loss of money created.
"A loss at the time seemed relatively unlikely," said the judge. Finally, the issuer was one of the most prestigious banks in the world. Therefore, the savings would have only minimal requirements for an indication of a possible total loss of investment be made. The expectation of complete safety also contradicts the experience of life: "Completely excluded a loss as good as ever." The advice should also meet investors, because the customer specifically a relatively safe, but at the same time, anytime tradable paper had requested, said the judge continued. Part of the advice were also written documents that the savings were over. There was the possibility of total loss "fairly thin" has been advised. The statement of the investment adviser that it was virtually excluded, the judge assessed as "personal opinion". If anything is unclear, the investors must ask questions. On the question of hidden commissions Interior said he did not.
Of the 76-year-old plaintiff had on the advice of the Savings Bank at the end of 2006 jointly with his wife 12 000 euros in a complicated Lehman paper inserted and early sued, as the performance of his ideas are not represented. As the action has already expired, he suffered from the insolvency of the U.S. bank in September 2008, a total loss of money created.
"A loss at the time seemed relatively unlikely," said the judge. Finally, the issuer was one of the most prestigious banks in the world. Therefore, the savings would have only minimal requirements for an indication of a possible total loss of investment be made. The expectation of complete safety also contradicts the experience of life: "Completely excluded a loss as good as ever." The advice should also meet investors, because the customer specifically a relatively safe, but at the same time, anytime tradable paper had requested, said the judge continued. Part of the advice were also written documents that the savings were over. There was the possibility of total loss "fairly thin" has been advised. The statement of the investment adviser that it was virtually excluded, the judge assessed as "personal opinion". If anything is unclear, the investors must ask questions. On the question of hidden commissions Interior said he did not.
Test flight in the disaster
So there is a flight every day somewhere in the world. An airline has a machine to another airline next, and before the handover is testing whether everything is in order. One to two hours in this rule, and after landing the paperwork is still regulated.
It should be even with the machine with the registration D-AXLA be an Airbus A320 of the German holiday airline XL Airways Germany. But the machine is on Thursday when landing at the airport Perpignan toppled into the sea. All seven occupants, including two German pilots, are probably died. The search for survivors had been on Friday, said the prefecture in Perpignan on Friday evening. There was no more hope for them. The flight data recorders have been located.
Why a routine flight to the disaster was all about puzzle now Beteiligten.Der Airbus was only three years old. The machine belonged to Air New Zealand, however, they in the past two years to XL Airways had rented. The lease would be on 1 December expired, it should be called a 30-month-check carried out, and when maintenance specialists EAS Industries in Perpignan. There was the Airbus in Air New Zealand colors umlackiert.
According to the French coastguard the machine is about seven kilometers off the coast toppled into the sea. On the exact circumstances there is conflicting information. An eye witness to have seen how the machine in aufschlug steep angle, another spoke of a belly landing. Aboard the plane were apparently in addition to the two German pilots four employees of Air New Zealand and one of the New Zealand Civil Aviation Authority, which oversaw the flight. I understand the pilots have not stopped emergency. The Airbus was based on current information available from the radar screen disappeared without that air traffic controllers were aware of difficulties. This indicates a very sudden problem or that the crew lost the orientation might have.
XL Airways for the crash is the second bad news within a few months. In September, its parent company, the British XL Leisure Group, pleitegegangen, and a while it looked as if the German airline would therefore fail. But nevertheless opted for XL Airways Germany and the French offshoot XL Airways France at least an interim solution opened, enabling the two airlines has been allowed to continue. They were assisted by a creditor of the XL Airways Group over the Icelandic investment bank Straumur-Burdaras. XL Airways Germany operates seven aircraft and flies on behalf of large tour operators like TUI and Öger Tours.
Air New Zealand, the accident triggered great consternation. The group still wanted to head on Friday along with relatives of the victims on their way to make southern France. For the airline is the 28th November to a true Unglückstag: 29 years ago toppled a DC-10 for a sightseeing flight in Antarctica from. In this worst crash so far the company had 257 people died. As the Airbus crashed into the Mediterranean yesterday, in New Zealand was also the 28th November arrived.
It should be even with the machine with the registration D-AXLA be an Airbus A320 of the German holiday airline XL Airways Germany. But the machine is on Thursday when landing at the airport Perpignan toppled into the sea. All seven occupants, including two German pilots, are probably died. The search for survivors had been on Friday, said the prefecture in Perpignan on Friday evening. There was no more hope for them. The flight data recorders have been located.
Why a routine flight to the disaster was all about puzzle now Beteiligten.Der Airbus was only three years old. The machine belonged to Air New Zealand, however, they in the past two years to XL Airways had rented. The lease would be on 1 December expired, it should be called a 30-month-check carried out, and when maintenance specialists EAS Industries in Perpignan. There was the Airbus in Air New Zealand colors umlackiert.
According to the French coastguard the machine is about seven kilometers off the coast toppled into the sea. On the exact circumstances there is conflicting information. An eye witness to have seen how the machine in aufschlug steep angle, another spoke of a belly landing. Aboard the plane were apparently in addition to the two German pilots four employees of Air New Zealand and one of the New Zealand Civil Aviation Authority, which oversaw the flight. I understand the pilots have not stopped emergency. The Airbus was based on current information available from the radar screen disappeared without that air traffic controllers were aware of difficulties. This indicates a very sudden problem or that the crew lost the orientation might have.
XL Airways for the crash is the second bad news within a few months. In September, its parent company, the British XL Leisure Group, pleitegegangen, and a while it looked as if the German airline would therefore fail. But nevertheless opted for XL Airways Germany and the French offshoot XL Airways France at least an interim solution opened, enabling the two airlines has been allowed to continue. They were assisted by a creditor of the XL Airways Group over the Icelandic investment bank Straumur-Burdaras. XL Airways Germany operates seven aircraft and flies on behalf of large tour operators like TUI and Öger Tours.
Air New Zealand, the accident triggered great consternation. The group still wanted to head on Friday along with relatives of the victims on their way to make southern France. For the airline is the 28th November to a true Unglückstag: 29 years ago toppled a DC-10 for a sightseeing flight in Antarctica from. In this worst crash so far the company had 257 people died. As the Airbus crashed into the Mediterranean yesterday, in New Zealand was also the 28th November arrived.
Siemens replaces chief of the Division of Medical Technology
The Board of Siemens is once again a change in the health field for the competent Americans Jim Reid-Anderson admits seven months after surprising his post. He put the office "for personal reasons settled," Siemens reported. The Supervisory Board has Hermann Requardt to appoint successors.
"Hermann Requardt brings the ideal expertise," said Siemens CEO Peter Löscher. The 53-year-olds has nearly his entire career in medical technology
saved spent. In the Siemens executive, he was so far for the technology department responsible. This task is he the next head of the health sector continue to perceive. "We are very satisfied with the decision," said Werner Mönius, council chief of the Health Division in Erlangen and board member at Siemens. "He is an excellent technicians and experts in medical technology. The location of Erlangen cheers."
Reid-Anderson had the Supervisory Board explained that "his family life center in the U.S. and the Diensitz in Erlangen on a permanent basis are not mutually incompatible," Siemens reported. "The integration here at the site has not worked properly," said council Mönius them. Reid-Anderson was in the wake of the takeover of the U.S. company Dade Behring and Siemens came after the resignation of longtime medical leaders Erich Reinhardt at the head of spotlight division.
The Siemens supervisory board also decided, the longtime auditor KPMG exchange. The future will rival Ernst & Young to certify financial statements. For KPMG, but it will continue to give smaller contracts, it was from the Supervisory Board.
By changing the balance wish to consider it "a signal in terms of best corporate governance set," Siemens reported. KPMG was in the wake of corruption scandal under pressure. Critics accused the auditors before, during the years of practice away bribes to have. KPMG denies final decides das. the AGM early next year on the selection of auditors.
"Hermann Requardt brings the ideal expertise," said Siemens CEO Peter Löscher. The 53-year-olds has nearly his entire career in medical technology
saved spent. In the Siemens executive, he was so far for the technology department responsible. This task is he the next head of the health sector continue to perceive. "We are very satisfied with the decision," said Werner Mönius, council chief of the Health Division in Erlangen and board member at Siemens. "He is an excellent technicians and experts in medical technology. The location of Erlangen cheers."
Reid-Anderson had the Supervisory Board explained that "his family life center in the U.S. and the Diensitz in Erlangen on a permanent basis are not mutually incompatible," Siemens reported. "The integration here at the site has not worked properly," said council Mönius them. Reid-Anderson was in the wake of the takeover of the U.S. company Dade Behring and Siemens came after the resignation of longtime medical leaders Erich Reinhardt at the head of spotlight division.
The Siemens supervisory board also decided, the longtime auditor KPMG exchange. The future will rival Ernst & Young to certify financial statements. For KPMG, but it will continue to give smaller contracts, it was from the Supervisory Board.
By changing the balance wish to consider it "a signal in terms of best corporate governance set," Siemens reported. KPMG was in the wake of corruption scandal under pressure. Critics accused the auditors before, during the years of practice away bribes to have. KPMG denies final decides das. the AGM early next year on the selection of auditors.
Telekom closes call less than planned
Deutsche Telekom closes call less than originally planned. The number of nationwide locations of Deutsche Telekom Service GmbH will be until mid-2011 from 63 to 33 reduced. Then the group agreed on the night of Friday with employee representatives. Thus, it is now only 33 enter service - 50 fewer than at present. Under the original plans of Telekom, the number of locations even be reduced to 24.
Besides Trier and Schwerin will now also service in Bremen, Dresden, Heilbronn, Mainz, Meschede and Berlin remain. In addition, at four locations (Stockport, Southampton, Westerwede and one southwest of Bonn) new call center built for employees of other indoor locations and to their journey times to be reduced. However, now in comparison to the original list the locations of Leipzig, Bonn and Oldenburg away.
Particularly affected employees should also posts in the vicinity of their place of residence at six locations in the telecom subsidiary, Vivento Customer Services GmbH (VCS) received. For every 33 customers Center and the six VCS sites are a location Telekom guarantee until 2012.
According to Telekom agreed to the negotiators also on a social plan with a total volume of up to 40 million euros. Affected by the restructuring are approximately 8000 of a total of 18 000 full-and part-time employees. In recent months had repeatedly call center employees nationwide against the plans for the closure and merger demonstrates.
A Telekom spokesman said that the measures lead to savings of around 57 million euros a year will lead. The company will be after his claims about 70 million euros in restructuring invest. Each person will, as planned, will receive a job offer.
Besides Trier and Schwerin will now also service in Bremen, Dresden, Heilbronn, Mainz, Meschede and Berlin remain. In addition, at four locations (Stockport, Southampton, Westerwede and one southwest of Bonn) new call center built for employees of other indoor locations and to their journey times to be reduced. However, now in comparison to the original list the locations of Leipzig, Bonn and Oldenburg away.
Particularly affected employees should also posts in the vicinity of their place of residence at six locations in the telecom subsidiary, Vivento Customer Services GmbH (VCS) received. For every 33 customers Center and the six VCS sites are a location Telekom guarantee until 2012.
According to Telekom agreed to the negotiators also on a social plan with a total volume of up to 40 million euros. Affected by the restructuring are approximately 8000 of a total of 18 000 full-and part-time employees. In recent months had repeatedly call center employees nationwide against the plans for the closure and merger demonstrates.
A Telekom spokesman said that the measures lead to savings of around 57 million euros a year will lead. The company will be after his claims about 70 million euros in restructuring invest. Each person will, as planned, will receive a job offer.
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