Cyprus-Forum.com

[Tim Drayton]

From Siemens' company website:

In how many countries does Siemens do business?

Siemens is a globally operating technology company with business activities in nearly all countries of the world.

http://www.siemens.com/about/en/index/faq.htm

Siemens is a huge international company that does business everywhere. It is not going to stop doing business in the UK if the latter leaves the EU. What is that supposed to prove?

[Londonrake]

From Siemens' company website:

In how many countries does Siemens do business?

Siemens is a globally operating technology company with business activities in nearly all countries of the world.

http://www.siemens.com/about/en/index/faq.htm

Siemens is a huge international company that does business everywhere. It is not going to stop doing business in the UK if the latter leaves the EU. What is that supposed to prove?

Oh come on Tim. There's been a flood of posts about how business was going to tank in the UK. "We're all doomed!!!"

You can read today in here about how things are "imploding". Yesterday a rush for the lifeboats in order to abandon "RMS UK".

The articles itself says that Siemens are back-tracking on their earlier, pre-Brexit statements. ".....backing away deftly from earlier suggestions that Brexit would cause a painful freeze on new activities". Presumably they were part of Camoron's carefully coordinated scare campaign.

I would suggest that a whole lot of German companies - and many other European ones - are not about to turn their backs on the sort of trade imbalance the UK is running with them merely to teach them Herr Junker's "lesson".

It seems that as we write Osborne is in the USA pitching for a trade deal whilst other members of what will surely again become "The Board of Trade" (now that we will once again be able to negotiate our own deals, rather than the inept Commission who have to fudge in order to please 28 countries) are already in Australia, New Zealand, China and India. There should I'm sure be an "etc" after that sentence.

But, hey-ho, let us not spoil the funereal tone which should accompany all Brexit events.

[Tim Drayton]

Companies like Siemens can find rich pickings in very poor countries. For example:

Siemens wins $10-million telecoms contract in Burkina Faso

http://www.itweb.co.za/index.php?option ... &id=102076

Some of us genuinely believe that leaving the EU will be disastrous for the UK and lead to it becoming a lot poorer. The fact that a company like Siemens still thinks it will be able to pick up contracts in the UK doesn’t really demonstrate anything.

[Londonrake]

Companies like Siemens can find rich pickings in very poor countries. For example:

Siemens wins $10-million telecoms contract in Burkina Faso

http://www.itweb.co.za/index.php?option ... &id=102076

Some of us genuinely believe that leaving the EU will be disastrous for the UK and lead to it becoming a lot poorer. The fact that a company like Siemens still thinks it will be able to pick up contracts in the UK doesn’t really demonstrate anything.

Some of us genuinely believe that, despite the initial pain of separation, the UK will come out of it much the better in the end. Unfortunately that seems to imply a long, drawn out war of attrition in the likes of Forums.

It strikes me that a great many Remainers are focused mainly on the contents of their wallets, rather than what could conceivably be better for the UK in the long term. The tendency to focus their anger and frustration by displaying contempt for those who had the same right to exercise their vote as them I think goes a long way to explaining the outcome.

As far as Siemens goes. It adds to the mystery of why they felt it necessary to issue harbinger of doom messages pre-Brexit which they are now retracting. Isn't that what the article's about?

The prospect of the UK rejoining? IMHO it's about as fanciful as that of the next UK Government being LibDem/SNP. https://www.youtube.com/watch?v=NzlG28B-R8Y

[Tim Drayton]

I have just scanned through that article again and all I see it saying is that Siemens will continue to have a presence in the UK and, given that Siemens is a massive company that does business in virtually every country in the world, I still say, "So what?".

[Londonrake]

I have just scanned through that article again and all I see it saying is that Siemens will continue to have a presence in the UK and, given that Siemens is a massive company that does business in virtually every country in the world, I still say, "So what?".

Well we could go on forever like this. I thought it was quite clear.

Prior to the referendum Siemens warned that an out vote would affect it's plans for investment in the UK. It isn't a case of just "picking up contracts" or "Doing business" it was a thinly disguised threat to cease investing in the UK.

Now though:

"Siemens promises UK investment despite Brexit warning"

http://www.bbc.com/news/business-36771595

"Siemens backs away from Brexit warnings
Conglomerate says UK matters whether it is in the EU or not"

http://www.ibtimes.co.uk/brexit-impact- ... gs-1570114

"Siemens backs away from its earlier Brexit warnings on UK investments"

.https://next.ft.com/content/4529f98c-47 ... e9211e86ab

How many other companies made similar pre-referendum statements, contributing to the scare campaign? Yep.

[Tim Drayton]

I've had a look and can't find any quotes from any Siemens officials saying they would make no further investments in the UK if there was a vote to leave the EU, so I don't see what is so astonishing about them now saying they plan to continue doing business here and even making investments, especially as the UK is still an EU member as we speak. How do you know that they have not already shelved certain investments that they were otherwise planning to make? It is all highly speculative and hypothetical.

[Tim Drayton]

I've found the following, made after the referendum result, if that's any help:

One of the UK's biggest industrial companies, Siemens UK, has warned that investment could be hit in the wake of the Brexit vote.

Chief executive Juergen Maier said that while the German giant is committed to the UK, he is worried about the prospects for future investment.

http://www.bbc.com/news/business-36680572

Note the bold text above: he didn't say that Siemens would pull out of the UK entirely, so it is disingenuous of the Telegraph to imply that Siemens have now made some kind of a U-turn in saying that they would continue to trade in the country. One thing I can assure you of, if the UK leaves the EU and no longer has a free trade arrangement with the bloc, Siemens are unlikely to build new plant in the UK for products that are to be mainly exported to the EU.

[Londonrake]

What are we (remarkably doggedly) discussing here? Semantics?

You are putting words into my mouth. Where have I said that the company would pull out of the UK entirely? What I said was that during the pre-referendum campaign Siemens stated that a vote to leave the EU would have implications for their investment plans in the UK. Here on planet Earth that's referred to as a "threat" or if you are from the posher walks of life "intimidation". Like many made in the campaign, designed to influence the outcome by scaring the voters (in this case the voters of Hull).

I've given you 4 references to the clear facts. I can assure you that there were more. However, I just supplied the original article from the DT then picked the top 3 of a supporting search. None of them are red-top, tabloid hype-ograms. They're all sober (dare I say conservative) outfits. They all say the same thing.

So, I'm unable to help with what you can or can't find and it's going to get really tedious if you want to argue in essence at the crossing T's and dotting I's level.

Siemens openly admit that they are backtracking on a statement the company made before the vote.

"German industrial giant Siemens has said it will continue to invest in the UK, despite earlier warnings that a vote to leave the EU could affect its future activities in the country."

"Siemens, the largest engineering company in Europe has said it will continue to invest in the UK, despite the Brexit vote. .........This is in contrast to a warning from Siemens UK a couple of weeks ago, where it said that Britain's decision to leave the European Union (EU) could have a negative impact on future investment in the country."

The FT's now blanking me because I'm not a subscriber but said exactly the same thing.

[supporttheunderdog]

No, I'm sorry GIG (are you married? )

Husband by name of Talisker... might give a clue as to to his ethnos...