Europe's biggest engineering company, Siemens, beat expectations for fourth-quarter profit despite the cooling German economy. Now the company is planning its biggest ever restructuring
Hardly any German boss is better connected than Josef Kaeser, the CEO of industrial giant Siemens. Though his actions often send mixed signals, it's no wonder when taking into account the global footprint of his company.
The Nigerian government has agreed to a deal with the German energy company in an attempt to fix the country's unreliable electricity grid.
The CEO of the large German firm shared the threat on Twitter, thought to have been sent by neo-Nazi extremists. The email mentions politician Walter Lübcke, whose murder last month was labeled politically motivated.
Siemens has announced massive job cuts in its power generation division as it seeks cost savings. The industrial giant is undertaking a major restructuring with the aim of cutting more than €2 billion in costs.
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