Siemens Energy to Cut 7,800 Jobs

The video discusses the restructuring of a company in response to shifts in the energy market, including job cuts and a transition from coal to renewable energy. It highlights the company's strategy to balance profitability with investment in new technologies, such as green hydrogen. The discussion also covers the company's current revenue split between sustainable and conventional technologies, and its plans to increase the share of renewables. Additionally, the video addresses a legal issue regarding trade secrets and explores market opportunities in the US and Europe.

What is one of the main reasons the company is exiting coal?

• To increase coal production

• To expand into new markets

• To focus on renewable energy

• To reduce electricity prices

What is the company's goal in terms of job security?

• To reduce the number of jobs

• To provide safe jobs for employees

• To outsource jobs to other countries

• To automate all job functions

By what year does the company plan to implement its current energy market strategy?

• 2023

• 2025

• 2026

• 2024

What percentage of the company's revenue currently comes from sustainable technologies?

• 25%

• 50%

• 75%

• 100%

What legal issue is the company currently facing with General Electric?

• Monopoly practices

• Breach of contract

• Trade secret theft

• Patent infringement

How much is the US planning to invest in green energy according to the discussion?

• $10 trillion

• $500 billion

• $1 trillion

• $7 trillion

What is the company's strategy to grow in the renewable energy sector?

• Ignore infrastructure development

• Focus only on the US market

• Reduce investments in renewable energy

• Tap into opportunities in both the US and Europe