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Siemens

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Siemens to slash 4500 jobs

More jobs are to go at Siemens after the German industrial giant posted a larger-than-expected drop in quarterly profits. Siemens says its digital

More jobs are to go at Siemens after the German industrial giant posted a larger-than-expected drop in quarterly profits. Siemens says its digital

News

German engineering firm Siemens cuts thousands of jobs

German firm Siemens has confirmed it is to cut 7,800 jobs worldwide. The statement from Europe’s biggest engineering company, announcing the losses

German firm Siemens has confirmed it is to cut 7,800 jobs worldwide. The statement from Europe’s biggest engineering company, announcing the losses

Business

Philips splits saying it is time to 'reinvent' itself

Philips is splitting in two. The Dutch conglomerate is to put its lighting business into a separate company It is the latest step in Philips’ plans

Philips is splitting in two. The Dutch conglomerate is to put its lighting business into a separate company It is the latest step in Philips’ plans

Business

Siemens buys into big US shale gas player

One of the big names in American oilfield technology, Dresser-Rand, has been bought by Germany’s Siemens for nearly six billion euros in cash. The

One of the big names in American oilfield technology, Dresser-Rand, has been bought by Germany’s Siemens for nearly six billion euros in cash. The

Business

Siemens and Mitsubishi present offer to Alstom

German engineering company Siemens and Japan’s Mitsubishi have presented a joint offer to France’s Alstom that includes seven billion euros in

German engineering company Siemens and Japan’s Mitsubishi have presented a joint offer to France’s Alstom that includes seven billion euros in

Business

Hitachi wants in on possible Mitsubishi-Siemens bid for Alstom

Hitachi has become the second Japanese engineering firm – along with Mitsubishi Heavy Industries – to express an interest in joining Germany’s

Hitachi has become the second Japanese engineering firm – along with Mitsubishi Heavy Industries – to express an interest in joining Germany’s

Business

Siemens set to cut as many as 11,600 positions

German conglomerate Siemens has revealed it is looking at getting rid of up to 11,600 positions in its restructuring plan. Chief executive Joe

German conglomerate Siemens has revealed it is looking at getting rid of up to 11,600 positions in its restructuring plan. Chief executive Joe

News

Alstom accepts offer from GE but Siemens could counterbid

The board of the French engineering group Alstom has accepted a $12bn offer (8.6bn euros) for its energy arm from General Electric (GE). Alstom is

The board of the French engineering group Alstom has accepted a $12bn offer (8.6bn euros) for its energy arm from General Electric (GE). Alstom is

Business

France focuses on jobs in Alstom takeover battle

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

News

Germany's Siemens and France's Alstom in Brazil corruption probe

Two major European firms are among 18 being probed in Brazil over allegations of corruption and price-fixing, it’s emerged. German conglomerate

Two major European firms are among 18 being probed in Brazil over allegations of corruption and price-fixing, it’s emerged. German conglomerate

Business

Siemens hopes job cuts will close profit gap with GE and ABB

Siemens is to cut the jobs of 15,000 people over the next year. A third of those are in its industrial, energy and infrastructure businesses in

Siemens is to cut the jobs of 15,000 people over the next year. A third of those are in its industrial, energy and infrastructure businesses in

Business

Siemens names new boss

It’s all change at the top of German engineering group Siemens. Out goes CEO Peter Loescher. He has been dumped four years before the end of his

It’s all change at the top of German engineering group Siemens. Out goes CEO Peter Loescher. He has been dumped four years before the end of his

Business

Siemens boss sacked after profit warnings

Who is going to get the top job at Siemens? That is the question after the announcement that Chief Executive Peter Loescher is to leave the company

Who is going to get the top job at Siemens? That is the question after the announcement that Chief Executive Peter Loescher is to leave the company

Business

Osram shares not so bright

Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on Monday for a photo-op connected with its IPO, but

Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on Monday for a photo-op connected with its IPO, but

Business

Revamped Siemens seduce investors

As European stock markets were falling, Siemens’ revamped programme seduced investors. The share price of the German engineering giant, Frankfurt’s

As European stock markets were falling, Siemens’ revamped programme seduced investors. The share price of the German engineering giant, Frankfurt’s

Business

Euro crisis hits Siemens' profit

Siemens, the region’s biggest engineering conglomerate, has revealed an unexpectedly sharp fall in quarterly operating profits – down 23 percent to

Siemens, the region’s biggest engineering conglomerate, has revealed an unexpectedly sharp fall in quarterly operating profits – down 23 percent to