GM cuts jobs in response to present costs future innovation
DETROIT — Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation.It’s the new reality for automakers that are faced with the present cost of designing gas-powered cars and trucks that appeal to buyers now while at the same time preparing for a future world of electric and autonomous vehicles.GM announced Monday that it will cut as many as 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles.CEO Mary Barra said as cars and trucks become more complex, GM will need more computer coders but fewer engineers who work on internal combustion engines.“The vehicle has become much more software-oriented” with millions of lines of code, she said. “We still need many technical resources in the company.”The reductions could amount to as much as 8 per cent of GM’s global workforce of 180,000 employees.The restructuring also reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks. In October, almost 65 per cent of new vehicles sold in the U.S. were trucks or SUVs. That figure was about 50 per cent cars just five years ago.GM is shedding cars largely because it doesn’t make money on them, Citi analyst Itay Michaeli wrote in a note to investors.“We estimate sedans operate at a significant loss, hence the need for classic restructuring,” he wrote.The reduction includes about 8,000 white-collar employees, or 15 per cent of GM’s North American white-collar workforce. Some will take buyouts while others will be laid off.At the factories, around 3,300 blue-collar workers could lose jobs in the U.S. and another 2,600 in Canada, but some U.S. workers could transfer to truck or SUV factories that are increasing production. The cuts mark GM’s first major downsizing since shedding thousands of jobs in the Great Recession.The company also said it will stop operating two additional factories outside North America by the end of next year.The move to make GM get leaner before the next downturn likely will be followed by Ford Motor Co., which also has struggled to keep one foot in the present and another in an ambiguous future of new mobility. Ford has been slower to react, but says it will lay off an unspecified number of white-collar workers as it exits much of the car market in favour of trucks and SUVs, some of them powered by batteries.The GM layoffs come amid the backdrop of a trade wars between the U.S., China and Europe that likely will lead to higher prices for imported vehicles and those exported from the U.S. Barra said the company faces challenges from tariffs but she did not directly link the layoffs to them.GM doesn’t foresee an economic downturn and is making the cuts “to get in front of it while the company is strong and while the economy is strong,” Barra told reporters.Factories that could be closed include assembly plants in Detroit and Oshawa, Ontario, and Lordstown, Ohio, as well as transmission plants in Warren, Michigan, and near Baltimore.The announcement worried GM workers who could lose their jobs.“I don’t know how I’m going to feed my family,” Matt Smith, a worker at the Ontario factory, said Monday outside the plant’s south gate, where workers blocked trucks from entering or leaving. “It’s hard. It’s horrible.” Smith’s wife also works at the plant. The couple has an 11-month-old at home.Workers at the Ontario plant walked off the job Monday but were expected to return Tuesday.After the morning announcement, Barra headed for Washington to speak with White House economic adviser Larry Kudlow in what was described as a previously scheduled meeting.President Donald Trump, who has made bringing back auto jobs a big part of his appeal to Ohio and other Great Lakes states that are crucial to his re-election, said his administration and lawmakers are exerting “a lot of pressure” on GM.Trump said he was being tough on Barra, telling the company that the U.S. has done a lot for GM and that if its cars aren’t selling, the company needs to produce ones that will.At a rally near GM’s Lordstown, Ohio, plant last summer, Trump told people not to sell their homes because the jobs are “all coming back.”Most of the factories to be affected by GM’s restructuring build cars that will not be sold in the U.S. after next year. They could close or they could get different vehicles to build. Their futures will be part of contract talks with the United Auto Workers union next year.The Detroit-based union has already condemned GM’s actions and threatened to fight them “through every legal, contractual and collective bargaining avenue open to our membership.”Bobbi Marsh, who has worked assembling the Chevrolet Cruze compact car at the Ohio plant since 2008, said she can’t understand why the factory might close given the strong economy.“I can’t believe our president would allow this to happen,” she said Monday. Democratic Sen. Sherrod Brown said the move will be disastrous for the region around Youngstown, Ohio, east of Cleveland, where GM is one of the area’s few remaining industrial anchors.“GM received record tax breaks as a result of the GOP’s tax bill last year, and has eliminated jobs instead of using that tax windfall to invest in American workers,” he said in a statement.GM, the nation’s largest automaker, will stop producing cars and transmissions at the plants through 2019. In all, six car models were scrapped, leaving the company with nine remaining car models for its four brands, Buick, Cadillac, Chevrolet and GMC.Among the cars that won’t be made after next year is the Chevrolet Volt rechargeable gas-electric hybrid. When introduced a decade ago, the Volt was meant to be a bridge to fully electric cars, the company said. It has a small battery that can take it about 50 miles, then it switches to a small gasoline engine.But since it was introduced, battery technology has improved dramatically, GM said. Now the full-electric Chevrolet Bolt can go up to 238 miles on a single charge.The United Auto Workers promised to fight any plant closures and criticized GM for cutting U.S. jobs while building full-size pickups in Mexico. It also recently announced that a new Chevrolet Blazer SUV will be built there. Also, GM imports the Buick Envision midsize SUV from China.___Associated Press writers Rob Gillies in Toronto, John Seewer in Toledo, Ohio, and Zeke Miller in Washington contributed to this report.Tom Krisher, The Associated Press
“I’m just really excited to be a part of the District team and the Lone Wolf Team. I had a chance to meet everyone over here at the Office and at the Golf Course. I’m excited to be a part of that brand and team.”Mayor Rob Fraser says he is looking forward to seeing Galay and the new team work together.“Thank you very much for taking the position and we’re looking forward to you and the team, there’s a new team there at the Golf Course, so we’re interested in how you are going to gel them together and we’re interested in your new ideas. Welcome, and thank you.”Prior to this position, Galay was General Manager and Lead Pro at Lakepoint Golf and Country Club in Charlie Lake. TAYLOR, B.C. – At a recent District of Taylor Council Meeting, Council introduced the new General Manager for the Lone Wolf Golf Club.Ryan Galay was hired by the District as the new General Manager for the Golf Course, replacing Dave Callum.Galay says he is very excited to join the Lone Wolf Team as a General Manager.
FORT ST. JOHN, B.C. – Recently the FSJ Tourism Board made a presentation to City Council regarding their role working with the City as well as their desire to change a bylaw to allow them to become a society.In 2010, Tourism Fort St. John board was developed with a bylaw that has prevented and limits potential growth opportunities for the tourism organization to operate efficiently in Fort St John.The Board made a request to Council to rescind the bylaw and allow the board to incorporate as registered Society in BC rather than a Board of Council as well as retaining ownership of the branding and name ‘Tourism Fort St. John’. The Tourism Board also requested a financial commitment in the amount of $52,000.00 annually for a three year period (2020 – 2022). The annual funding would continue to provide Fort St. John with tourism services and capacity development through the creation of a business plan, a Tap Know & Go development study, professional development, stakeholder engagement, marketing, administration costs and would take over the NE BCTourism Marketing Cooperative, currently undertaken by the Visitor Centre.Council approved the motion and a repeal bylaw will be drafted for Tourism Fort St.John Bylaw No. 2049, 2010 and a fee for service agreement developed.
Related Items:cctv may be coming to TCI, meeting held to see what other jurisdictions are doing in terms of cctv Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, July 29, 2016 – A steering committee will be formed and CCTV is finally closer to coming for the Turks and Caicos Islands. In the fifth National Security Council or NSC meeting, held on Tuesday July 26, it was determined that a committee will explore what other jurisdictions are doing. This committee is to be chaired by Director of the Premier’s Office, Althea Been. At the meeting were: the Governor, Premier, Police Commissioner, Minister for Border Control and the Attorney General. 
Rafael Benitez revealed that Newcastle United’s willingness to stick to their game plan was key behind their shock comeback 2-1 win over Manchester City.Sergio Aguero’s goal in the opening 24 seconds of the game at St James’ Park appeared to set City on route to a 19th Premier League win this season.But things soon began to change when Aguero later had a goal disallowed after referee Paul Tierney deemed that Kevin De Bruyne had taken a free-kick before he gave it the go-ahead with City rarely troubling Newcastle keeper Martin Dubravka afterwards.Benitez’s side began to grow in confidence in front of their home crowd and were awarded for their patience when Salomon Rondon scored an equaliser in the 66th-minute.Matt Ritchie then fired home a penalty in the final 10 minutes of the match after Fernandinho had fouled Sean Longstaff in the area to hand Newcastle all three points.Speaking after the victory, a jubilant Benitez praised the reaction of his squad following the very early setback by sticking to their game plan.“We had a game plan – it was not to concede a goal in the first minute,” said Benitez, according to Liverpool Echo.“The reaction of the players was important. We said in the half-time to stay in the game. The fans appreciate how we played and the way we won against a very good team. We stuck with our game plan.
Chelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.“We were good enough to score two and lucky enough not to concede. Overall we needed to win one of these games.“I think they were surprised they scored so early and maybe they had more confidence they could win. There’s pressure and I think that was another factor – a draw wasn’t enough for them.”The win moves Newcastle up to 14th-place in the Premier League and, crucially, five points above the drop zone.Meanwhile, City’s title hopes suffered a major dent with Pep Guardiola’s men sitting six points behind leaders Liverpool and having played one more game than their rivals.FULL TIME – Newcastle United 2 Manchester City 1. It’s a superb win for the Magpies! #NUFC pic.twitter.com/76osmK1RfC— Newcastle United FC (@NUFC) January 29, 2019
Posted: June 11, 2018 Categories: Local San Diego News RANCHO BERNARDO (KUSI) — A mural dedicated to two children killed in an apartment fire last October was unveiled Monday at Sunset Hills Elementary School.The mural is dedicated to the memories of 7-year-old Isabella Lopez and 10-year-old Cristos Lopez, who died in a fire that burned through their Bernardo Terrace condo.The children’s father, Henry Lopez, was charged with child endangerment causing death, reckless fire starting causing great bodily injury and involuntary manslaughter.Witnesses spotted flames coming from the second-story of a condominium on Bernardo Terrace about 3:20 a.m. on the morning of Oct. 28 and dialed 911.Firefighters arrived within minutes and found 7-year-old Isabella and 10-year-old Cristos upstairs with their father. Both children died later at a hospital.Lopez was legally separated from his wife but the estranged couple owned the home together.According to court documents, Lopez threatened to burn the residence down during a conversation about selling the condo and finalizing their divorce. Prosecutors claimed Lopez fell asleep with a cigarette in his hand, which started the fire, ultimately taking the lives of the two children.Their mother, Nikia Lopez, stood in front of the mural, teary and thankful for those who have helped her through the past several months.“Those children would not have been buried the way that they did had it not been for the community. I had nothing,” she said. “I have been in bed for three days. I have women coming to my house peeling me off the floor and getting me dressed. They feed me, I sleep on their couches. They have moved mountains for me. They say I don’t know why your babies are gone but they are special, they are not forgotten.”According to their GoFundMe page, Cristos was a 5th grader and Isabella was a 2nd grader at Sunset Hills Elementary school.“He loved playing basketball and was the MVP of his basketball team. He dreamed of playing professionally. But he also thought about being a banker because he was so good at math. And whenever you saw Cristos, he always had the biggest, warmest and most infectious smile for you. Even at just 10 years old, he always asked how you were doing with a quirky shyness that matched his caring personality. His family adored him. So did his friends and classmates.”“Isabella was the family firecracker. She had a spark that proved she could do anything. And she wasn’t afraid to speak her mind. Even though she was the baby sister, she acted like Cristos’ big sister, as she liked to watch over him … She loved reading and wanted to become a doctor. She loved helping people. Most knew her as ‘Bella.’ And if she saw you from across the room, she would go out of her way just to say hello.” Mural remembers two children killed in Rancho Bernardo apartment fire , June 11, 2018 FacebookTwitter
Jonathan Halvorson, Categories: Local San Diego News FacebookTwitter Fire closes Denny’s in Pacific Beach SAN DIEGO (KUSI) – Three people escaped unharmed Thursday from a fire that caused an estimated $1 million in damage at a restaurant in Pacific Beach.Firefighters responded to the blaze at about 12:40 a.m. at the Denny’s restaurant on the corner of Garnet Avenue and Mission Boulevard, San Diego Fire-Rescue spokeswoman Monica Munoz said.Firefighters arrived and found heavy smoke in the restaurant as well as fire in the roof and attic area above the kitchen, Munoz said.Crews were able to knock down the flames around 35 minutes after arrival, Munoz said.Three workers, who were inside when the fire started, were able to escape unharmed, 10News reported.The cause of the fire was under investigation.The blaze caused an estimated $850,000 in damage to the structure and $150,000 in damage to the building’s contents, Munoz said.San Diego County health officials were notified and the restaurant was closed down until the officials can complete an inspection. Posted: October 25, 2018
Jonathan Halvorson Updated: 3:34 PM October 25, 2018
Posted: August 14, 2019 August 14, 2019 Man arrested on suspicion of sexually trafficking teenager KUSI Newsroom KUSI Newsroom, 
SAN DIEGO (KUSI) – A parolee suspected of sexually trafficking a 15- year-old runaway was arrested today in Sorrento Valley.Joseph Price, 23, was taken into custody in the 9800 block of Pacific Heights Boulevard in San Diego about 9:45 a.m., according to sheriff’s officials.Earlier in the morning, detectives contacted the alleged victim and returned her to her home, Sgt. Chase Chiappino said.Price was booked into county jail solely on suspicion of violating conditions of his parole, but sex-trafficking charges are expected to be filed against him, the sergeant said.Details about Price’s purported victimization of the girl –allegations that arose from an investigation by juvenile-services officers and the San Diego Human Trafficking Task Force — were not immediately available. Updated: 6:02 PM Categories: Local San Diego News FacebookTwitter
Tiger KCRTwitterRam Gopal Varma released the first look of Tiger KCR, the biopic on Telangana Chief Minister K Chandrasekhar Rao, on the eve of Andhra Pradesh Chief Minister N Chandrababu Naidu’s birthday.Ram Gopal Varma took to Twitter on April 18 to announce the biopic on Telangana Chief Minister K Chandrasekhar Rao. The directed tweeted, “It is a biopic of @KTRTRS ‘s father from the time he couldn’t bear the 3rd class treatment being given to Telangana people by the Andhras, and how he fought in a fiery way to achieve Telangana state.”Ram Gopal Varma added, “KCR and YSR are the only politicians to successfully groom their children to be worthy of them, unlike the politician in the neighbouring state of Telangana …Only the greatest of political leaders can create a biological and ideological legacy.”A word in its tagline did not go down well with some people, who trolled him. Responding to them, Ram Gopal Varma wrote, “For those who are having a problem with the word ఆడు in the tag line, it’s meant in the perspective of those who looked down upon KCR before he achieved what he did.. Am sure both KCR and @KTRTRS will understand the depth in that line.”Ram Gopal Varma revealed on April 19, “The First Look of #TIGERKCR will be out today at 11 Am.” He added, “The film #TIGERKCR will feature KCR, @KTRTRS, K Kavitha, Harish Rao, YSR, Y S Jagan, @ncbn, Lagadapati Rajagopal, Vundavalli Arun Kumar, Roshiah, Kiran Kumar Reddy, Ramoji Rao and Lokesh.. First look releasing at 11 AM today.”Hours later, Ram Gopal Varma released a video featuring him like the alter-ego of TRS supremo K Chandrasekhar Rao’s. He captioned it with, “On the eve of Andhra Pradesh Chief Minister @ncbn’s birthday, I am releasing this first look of Telangana Chief Minister KCR ‘s biopic #TIGERKCR.”Ram Gopal Varma went on to describe KCR as Aggressive Gandhi. “My film will not show Andhras as villains..It’s only a few Andhrollu who did vennupotu to crores of Andhrollu by creating circumstances for separation #TIGERKCR,” he tweeted in reply to a fan, adding, “Like how the peaceful Gandhi fought the British and got India, the Aggressive Gandhi KCR fought the Andhras and got Telangana #TIGERKCR.”On the eve of Andhra Pradesh Chief Minister @ncbn ‘s birthday , I am releasing this first look of Telangana Chief Minister KCR ‘s biopic #TIGERKCR pic.twitter.com/0uvX5f49KT— Ram Gopal Varma (@RGVzoomin) April 20, 2019
Just a few voters are seen at Azim Uddin High School polling centre in Kishoreganj town. Tafsilul Aziz took this photo around 9:30am on Sunday.The election commission has suspended voting at all centres of Katiadi upazila in Kishoreganj following allegations of huge irregularities during the third phase of upazila elections on Sunday, reports UNB.Besides, additional superintendent of police Shafiqul Islam and Katiadi police station officer-in-charge Shamsuddin have been withdrawn over the incidents of vote rigging, said district election officer Mohammad Tajul Islam.Earlier in the morning, voting to five polling stations was suspended. Later, voting to rest of the 84 polling stations was suspended on allegation of stuffing vote at night, said the election official.Voting in elections to 117 upazila parishads began on Sunday morning in the third phase of the local government polls.
(Phys.org)—A pair of researchers at University College London has found evidence suggesting that fear of crime is contagious. In their paper published in Proceedings of the Royal Society A, Rafael Prieto Curiel and Steven Bishop describe the model they built, how it works and what it showed. Citation: Model suggests fear of crime is contagious (2017, July 12) retrieved 18 August 2019 from https://phys.org/news/2017-07-crime-contagious.html © 2017 Phys.org This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. More information: Rafael Prieto Curiel et al. Modelling the fear of crime, Proceedings of the Royal Society A: Mathematical, Physical and Engineering Science (2017). DOI: 10.1098/rspa.2017.0156AbstractHow secure people feel in a particular region is obviously linked to the actual crime suffered in that region but the exact relationship between crime and its fear is quite subtle. Two regions may have the same crime rate but their local perception of security may differ. Equally, two places may have the same perception of security even though one may have a significantly lower crime rate. Furthermore, a negative perception might persist for many years, even when crime rates drop. Here, we develop a model for the dynamics of the perception of security of a region based on the distribution of crime suffered by the population using concepts similar to those used for opinion dynamics. Simulations under a variety of conditions illustrate different scenarios and help us determine the impact of suffering more, or less, crime. The inhomogeneous concentration of crime together with a memory loss process is incorporated into the model for the perception of security, and results explain why people are often more fearful than actually victimized; why a region is perceived as being insecure despite a low crime rate; and why a decrease in the crime rate might not significantly improve the perception of security. Explore further
Fear of crime or anxiety about a rapidly changing society? Journal information: Proceedings of the Royal Society A Credit: CC0 Public Domain Fear of crime is a concern for people who live in areas where they worry about falling prey to a criminal act, but according to Prieto Curiel and Bishop, the amount people worry may not be warranted. This, they contend, is because people can be influenced in their social interactions. If someone living in a relatively safe area speaks with someone from a high-crime area, they suggest, the person from the safe area can experience increased fear of crime. The researchers came to this conclusion by building a mathematically based computer model.The model was based on a simulated city with a population of 100,000. Three groups were created to represent three parts of the virtual city: those that were immune from crime, those that lived in a safe part of the city, and those that lived in a crime-ridden part of the city. Each virtual person was given attributes meant to mimic actual human behavior under certain conditions, one of which was a number representing their level of fear of crime. The model ran for a virtual six-year period as the researchers tinkered with events, such as occasions when people in the model interacted with one another—some of the virtual people even became victims of virtual crimes. The passage of time also allowed impacted fear levels—an absence of crime, for example, caused levels to fall.The researchers report that the virtual people living in the safe parts of the city felt safer, quite naturally, than did those living in the high-crime areas. But that quickly changed if an individual was the victim of a crime, or if they talked about crime with someone from the crime-ridden area. The latter, the researchers note, suggests that fear of crime is contagious. People can find themselves fearing crime more than they need to just by talking to people who live in higher crime rate areas. Sadly, things did not appear to work in reverse—the people from the high-crime areas did not walk away from such interactions with lower fear levels.
Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global The holiday shopping season is in full swing, and consumers — including business owners — are increasingly reaching for their smartphones and tablets to satisfy their retail itch. One in three people in the U.S. will use their mobile devices to make a purchase this holiday season, according to a recent study by Chicago-based ecommerce consulting firm the e-tailing group. Problem is, cyber criminals have taken notice, and they’re targeting mobile shoppers. “As financial transactions migrate to mobile devices, so do cybercriminals,” says Chiranjeev Bordoloi, co-founder and CEO of TopPatch, a New York City cybersecurity company.Consumers often feel an urgency to make quicker purchasing decisions due to the rapid growth of daily deals and other online offers, Bordoloi says. That means savvy cybercriminals can target consumers in a particular location and capture information such as names, addresses and credit card numbers. They can also trick consumers into divulging this information through malware and phishing scams.To safeguard against these threats and help ensure a nightmare-free holiday season, Bordoloi recommends these three security tips when shopping with a mobile device: December 8, 2012
min read Register Now » Related: 3 Scary Online Security Mistakes to Avoid1. Adjust your device’s Wi-Fi settings. Open access Wi-Fi networks — such as those in parks and public spaces — are notoriously easy for hackers to crack, Bordoloi says. Many phones and tablets are pre-set to connect to these networks when in range. Hackers can seize control of an open network and gain access to any data that flows through it, including credit card numbers and billing addresses.If you’re going to shop this season using a mobile device, do so using only Wi-Fi networks you trust. Shoppers on-the-go should check their device to make sure it asks permission before joining a network, Bordoloi says. The process can vary between iOS, Android and other mobile operating systems.You can also simply use the internet network supplied by wireless service providers, if your device is 3G- or 4G-enabled. These are hosted networks and therefore more difficult for hackers to crack into, Bordoloi says.2. Be skeptical when downloading apps from unknown developers. If you consider downloading a shopping app this season, keep in mind that cybercriminals can use apps to capture sensitive information, Bordoloi says. Learn about the developer’s credentials before downloading an app.”It takes one minute to search online for the developer’s name and the word ‘malware,'” he says. Always download the latest version of an app since developers tend to fix security holes in updated versions.3. Don’t fall for ‘phishing’ scams and too-good-to-be-true deals. If you receive a deal from a brand you don’t recognize, avoid clicking on any of the links in the e-mail or text — especially with time-sensitive deals, Bordoloi warns.Be cognizant of phishing scams, which are attempts to lure you into divulging your personal information. These could be personalized email messages or texts telling you about exclusive deals and discounts. Phishing scams take advantage of a consumer’s anxiety to secure the best possible price, so it’s important to do your research before you click.Related: 5 Smartphone Tips to Protect Against New Malware Attacks
ABox42 will exhibit at IBC on stand 14.J13 ABox42’s set-tops have been chosen by FTTH operator Deutsche Glasfaser to deliver TV services over its fibre network in Germany. Deutsche Glasfaser has chosen the ABox42 M-Series SmartSTB platform including the ABox42 advanced DVB feature set for its DGTV service, which will include around 100 SD channels, 50 HD and 100 radio channels and will be launched in October.Deutsche Glasfaser is one of the first major operators to deliver a full live IPTV service using unicast technologies, avoiding the need to set up and operate a complex multicast network for its service.The deployment will use technologies including HTML5, HLS adaptive bitrate streaming, and HbbTV services in combination with a HTML5 GUI and HLS Unicast adaptive bitrate streaming.Verimatrix is providing conditional access for the project, which will support Germany’s major VoD services and smart TV apps. Deutsche Glasfaser is also using ABox42 OPX Smart SaaS and cloud TV services for management of the box deployment in the field.“Operator services over time get more and more complex and offer much deeper functionality than in the traditional TV world. With our SmartSTB platform and the advanced Software Development Kit, Deutsche Glasfaser was able to develop a compelling user experience with all modern TV features quickly,” said Matthias Greve, CEO of ABox42. “Our SDK is based on fast performing HTML5 and can easily be integrated into existing operator backends of our customers.”
TV technology outfit Kudelski Group has posted strong full-year results, with a 12.3% increase in revenues driven by digital TV and its public access arm.Kudelski posted revenues of just over CHF1 billion (€940 million) and operating profit of CHF98 million, up 20.4%.The group said it expected to continue growing this year, although profitability will not reach the same level as 2016. It expects revenues of US$1.15-1.2 billion (€1.1-1.13 billion) and operating profit of US$60-80 million.Digital TV revenues grew by 10.5% in 2016, reaching CHF730.2 million, and segment operating income increased by 19.3% to CHF99.4 million.The growth was boosted by a number of new contracts, including a contract to supply conditional access for Altice USA’s 4K Ultra HD cable offering and a new multi-year contract with Canal+ covering its domestic and international services. Canal+, in addition to CA, will use the Nagra Insight analytics platform. Revenues were also boosted by the ongoing supply of CA for Dish Network in the US.In South Africa, Sentech partnered with Nagra to launch its satellite gap filler programme in order to bring service to areas not covered by its DTT network, while DTH operator Platco switched from competition to Nagra cardless security technology for its new Openview HD service offering, which was launched in November 2016.Nagra cross the 10 million digital cable subscribers milestone in India, while Taiwan Broadband Cable shipped close to one million OpenTV5 set-top boxes, making Tawian one fo the largest OpenTV5 deployments in Asia.Kudelski’s other conditional access brand, Conax, signed 11 new deals in the course of the year across Europe, Latin America and India, and signed 20 additional contracts with existing customers.Revenues in the public access segment also grew strongly, by 14.4% to CHF318.7 million.
