Siemens' new CEO Joe Kaeser held his first full year results press conference Thursday.The company expects 2014 to be as successful as this year. A year in which sales topped €76bn with over €4bn profit.
German engineering giant Siemens has said it would need to shut down its power and gas sites worldwide for a whole week soon as it aims to bring down rising costs amid an "unprecedented market downswing."
Russian businesses have been tasked with developing and building gas turbines in order to make up for lost imports. German engineers assess whether that is a realistic goal.
German engineering giant Siemens has announced plans to triple its investments in Brazil. It said the new resources would mainly go into electrification, automation and digitalization projects across the nation.
German industrial giant Siemens reiterated plans to cut jobs in its power and gas business, despite an uptick in profits. Unions plan to protest in Munich, where the company's shareholders are meeting.
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