Profit-driven – the equivalent of no industrial logic

two years Ago FIG came after an internal review, and in the end, the power network division. According to the rumors of the past week is now, officially, the company sold the division to Hitachi.

what is the reaction of the Unia on the billion deal? Manuel Wyss is with the trade Union responsible for the MEM-industry.

Mr. Wyss, can you understand the decision?
Basically, the FIG is always assumed that the current Converter division has synergies with the Rest of the company. It must be assumed that the pressure of the big shareholders – especially Cevian – has led to this decision. This approach is driven by shareholders and Profit, and does not correspond to an industrial logic.

7.6 to 7.8 billion dollars profit of the sale will not be reinvested but distributed to shareholders–that surprise you?
Yes, we had not expected. Firstly, it is to say: We are selling very skeptical. Us would be important that an industrial logic would be followed. The jobs ultimately depend.

are you afraid of a loss of job in Switzerland?
The judge at this stage, it is difficult, but it can not be ruled out. FIG to inform more specific.

How do you rate the buyer, Hitachi?
This is very difficult to assess. The question is, which strategy the company, with the division pursuing in the short and long term. We are now working on bringing in experience.

Since when did the trade Union from the sale?
There have long been rumors. We knew from the confidence of people in the company that this is an issue and are looking into it.

(editing Tamedia)

Created: 17.12.2018, 10:24 PM