founded in one nine hundred ninety city and employs around one hundred people in gurlitz. we are planning to grow continuously we have a double digit growth and we can only grow through collaboration with expertise and know how to use it well and we want to recruit more staff here you know what i will make of what are given maybe from here zygmunt has announced it's shutting a steam turbine plant with nine hundred employees in gurlitz and that's not all rail vehicle maker bombards he is planning to slash a thousand jobs here. what will the future bring for the region if two of its biggest employers pull out. investors are interested say local economic developers although they don't give any concrete details. nominee then. we won't name any names until it's a done deal but i can tell you they come mainly from the emo bill of the sector it's the logistic sector in the medical sector that's it in a nutshell. and it's there are let's just start just the district in the state of saxony with the highest percentage of foreigners we have around two hundred fifty five thousand resi

it so as new residents were invited here by the diocese of gurlitz. lloyd cell is the northernmost point of the church district the bishop himself had contacted this is directions they reviewed the situation and decided to revive the monastery in. the bishop who has his seed here and gurlitz says this is the perfect moment for it. officer. it's been two hundred years since they were driven out and seven hundred fifty years since they came here for the first time is good. but today we're seeing a new search for spirituality a quest for quiet. a search for places to renew ourselves. often so it's my fault. and resettling a monastery like this is a way of supporting that and it's a place you could call a spiritual service station. it's. tungsten. that's the background i have the sense that there are many people not only christians who feel it would do them good. yes. they see that i'm highly can be to. people in high stress professions go there and say i need to get away take time out refuel and do something for my soul from i was either of us. in twelve

all right let's talk about here in germany where siemens workers in the eastern german town of gurlitz close to the polish border are staging a strike today to protest looming plant closures by engineering companies siemens and g.e. what's happened well despite profits of more than six billion euros seaman see old joke is pulling out of all business units with an uncertain future let's take a look when kids are took over as c.e.o. and twenty thirty in the company shifted its focus to three main sectors forecast to become growth areas electrification automation and digitalisation the corporation's wind power division was then spawn off again maser that's the name is now an independent publicly traded company and a similar fate is planned for siemens medical engineering division this year its rail division will also be offered on the stock market after it merges with french rival storm similarily siemens gas turbine division as well as its process industries and to drive sector are likely to be spun off and that is costing thousands of jobs in gurlitz but siemens is not the only game in

it might come as a surprise to find this company in gurlitz city and make software for the world market with annual sales of sixteen million euros its offices are in the historic heart of the town in the far east of saxony and it has no shortage of young talent liquidity and as a we've only recruit from the saxony region at the moment we're banking on software made in germany and not in romania not in the czech republic and not a little way nya our software is made in germany to meet in germany founded in one nine hundred ninety city and employs around one hundred people in gurlitz. we are planning to grow continuously we have a double digit growth and we can only grow through collaboration with expertise and know how to use it well and we want to recruit more stand here to avoid the woman you're going to get in maybe from here zeman has announced it's shutting his steam turbine plant with nine hundred employees in gurlitz and that's not all real vehicle maker bombards he is planning to slash a thousand jobs here. what will the future bring for the region if two of its biggest employers

workers from the eastern german town of gurlitz cycled hundreds of kilometers to the annual shareholders meeting in munich they're determined to fight back against plans to cut their jobs with them from the few of those who are fighting for a future and as long as we continue to do so and see a chance we're going to keep going. seaman c.e.o. joe kayser pointed to market trends in his defense of the cuts. the declining market for fossil fuels is not temporary it reflects the expectation of a dramatic development which we can and must address with structural measures. siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are set to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall. now the share of the u.s. federal reserve janet yellen is due to step down when her term expires at the end of this week yet it was the first woman to head the federal reserve took up the post in february twenty fourth teen legacy includes slowing down the q

taking place now we are hearing that some good news at least that one of the production facilities in gurlitz in the state of the exxon the might be a rescue so that's a little bit good news this morning and daniel later this year siemens is planning an i.p.o. for its health sector conveniently called health amir's that is the initial positive sentiment among investors regarding this i.p.o. is fading why is that yeah exactly well the i.p.o. of health in years is going to be certainly a mag i.p.o. here taking place before easter at the frankfurt stock exchange is going to be one of the biggest that we have seen here since twenty years why it's hating well actually the numbers of health in the years are not anymore that positive also their profit is down at the moment with about fifteen percent that's what's making investors here feel a little bit that the hype won't be as big as they are actually hoping for then you open frankfurt thank you. now the traditional winter slowdown has affected germany's unemployment figures the country's employment office says two point five seven million people w

workers from the eastern german town of gurlitz cycled hundreds of kilometers to the annual shareholders meeting in munich they're determined to fight back against plans to cut their jobs. to quit fighting for a future and as long as we continue to do so and see a chance we're going to keep going. seaman c.e.o. joe kayser pointed to market trends in his defense of the cuts. the declining market for fossil fuels is not temporary it reflects the expectation of a dramatic development which we can and must address with structural measures. siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are said to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall well earlier today we spoke to our financial correspondent daniel cope and asked him why the company's c.e.o. said it so urgent about announcing those job cuts well when you look at the numbers of the turbine gas turbine business you can understand what he purines with the urging because