 |
|
|
Something new in your business? Click here to submit your business press release Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery |
|
|
Siemens to cut thousands of jobs as part of new strategy: report [April 29, 2014] FRANKFURT (Reuters) — A new strategy to be unveiled by Siemens <SIEGn.DE> on May 7 will include thousands of job cuts, Germany's Manager Magazin Online reported on Monday, citing several senior Siemens managers. |
|
It said the strategy would see Siemens' four
main divisions — Industry, Energy, Healthcare and Infrastructure
& Cities — dismantled, creating a flatter hierarchy and
resulting in job cuts of roughly between 5,000-10,000. It also said Siemens would announce an acquisition in the energy
sector worth at least 1 billion euros ($1.38 billion), separate
to the deal with Alstom <ALSO.PA> currently being considered by
Siemens. The sale of its postal automation and baggage handling business
will also be announced in May, Manager Magazin said. Siemens declined to comment on the report. ($1 = 0.7227
euros) (Reporting by Maria Sheahan; editing by Jonathan Gould) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
