Wonderful news - that 'S' company

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There is a German company involved in large-scale industrial power generation and distribution, HVAC, motor controls, etc... Its name begins with an 'S'. I have never ever had good results with their products and have heard stories that would make your skin crawl. Their medical imaging and laboratory instrumentation divisions seem to enjoy a much more reliable product line though.

Some news from the UK Guardian:

Siemens freezes new UK wind power investment following Brexit vote
Siemens is putting new wind power investment plans in the UK on hold due to uncertainty caused by last week’s Brexit vote, the Germany energy company has told the Guardian.

A £310m manufacturing hub in Hull that employs 1,000 people will not be affected by the decision, and should still begin producing blades and assembling turbines next year.

But Siemens, one of the few firms to openly back a Remain vote, will not be making new investments until the future of the UK’s relationship with Europe becomes clearer.

Emphasis mine - playing politics at the same time that a significant measure of your income comes from taxpayer Euros in the form of EU subsidies. Not cool. Still, good that English taxpayers will no longer be beholden to paying for an intermittent non-baseload source of electrical power that will kill senior citizens when they are forced to decide between paying to heat their homes or buying food. Energy costs skyrocketing - that kind of thing...

Juergen Maier, the firm’s UK CEO, said that an existing blueprint to export offshore wind turbine machinery from the Hull hub was now up in the air.

He said: “Those plans were only beginning to happen and I expect that they will stall until we can work out exactly what the [new government’s] plan is, how we can participate in EU research programmes, and until all the issues around tariffs and trade have been sorted out.”

Juergen is playing a classical guilt-trip. The mis-management of the EU and the spate of illegal 'refugees' has caused a dive in employment numbers. Juergen is holding the 1,000 or so jobs hostage - if you do not do what we want, these people will be unemployed.

Like I said, the next six months are going to be brutal but, soon enough, the people will be able to turn around to the EU and say: Screw You - we're from England!

Been listening to a lot of Ray Wylie Hubbard - a new discovery. Here is a song of his that sums up my thoughts:

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This page contains a single entry by DaveH published on June 28, 2016 10:01 PM.

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