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Mr Spiesshofer, you come up with anything better?

you can sell the electricity network business, which employs in Switzerland, around 2800 people. Threatens after the sale, a reduction in staff?
no. Hitachi takes over the today's workforce to the current conditions. Furthermore, Hitachi will locate the new Headquarters for the power network division in Switzerland.

delivered by Hitachi for this purpose, a written guarantee?
Hitachi has agreed to assume the existing employment contracts completely. Also, the pension Fund claims are not affected by the change of Employer to Hitachi for the Swiss employees.

What exactly is actually comprised of division of the power grid? How many locations are affected by the sale, and how many researchers?
The business encompasses over 100 locations around the world, now go on Hitachi. We sell in Zurich-Oerlikon, for example, the GIS factory with the gas-insulated switches. Also the production of power electronics in Lenzburg is as part of the Division Powergrid to Hitachi.

not piss you off with the sale of the electricity network division to a Japanese company now for your Chinese customers?
The Chinese customers are very important for us. Hitachi and ABB have in common with around 80 000 employees in China. I'm sure we will find this Background to be a good solution to the Chinese market in the future.

image to enlarge

After the sale, you have confirmed your targets for growth. But you have not met so far? Why should we believe them now?
Our sales were in the past years, constant, wherein the order input grew. You must take into account three factors. First of all, we have sold businesses with a sales volume of $ 2 billion. Second, we have a set of shops with a volume of 1.5 billion dollars. And thirdly, have slowed down the exchange rates. In addition, the markets worked against us. So the customers have invested in process automation unit, very cautious. As mentioned, increased order intake in the last five to six quarters, now we have to get out of these orders, the revenue growth.

you want to pay the entire sale proceeds to the shareholders. You may not come up with anything Better?
If you mean that we need this revenue in order to Finance our growth strategy, we will need the proceeds of the sale. For example, we have invested in North America alone since the year of 2010, around $ 16 billion, and that from the existing cash flow of our business paid. So, we have enough fire power. Now is the time to thank the shareholders for their patience. In 2015, we would get for the division Powergrid probably only 2 billion dollars. Now we get 80 percent share of the 7 billion dollars.

The money to the shareholders, but only after the completion of the transaction, in mid-2020. Will you be on Board?
I hope that we are all still on Board. (Editorial Tamedia)

Created: 18.12.2018, 07:42 PM

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