Siemens

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Siemens Reduces 15,000 Jobs to Cope with GE, ABB

Siemens Reduces 15,000 Jobs to Cope with GE, ABB

Joe Kaeser, Chief Executive Officer of Siemens AG (SIE)'s, is reducing the number of jobs after suffering from a great setback in their economic market.

Siemens is the Europe's largest engineering Company. It had first projected a removal of about 8,000 jobs worldwide, the previous year.

Major Cost-Cutting Drive at Siemens AG

Major Cost-Cutting Drive at Siemens AG

Siemens AG has announced that the largest engineering company in Europe will cut 15,000 jobs under cost-cutting program. Siemens will cut 5000 jobs in Germany and over 10,000 all over the world. Siemens has been facing lower profits and the company has issued two profit warnings in last fiscal.

Unemployment Rate Drops Down to 8.8%

Unemployment Rate Drops Down to 8.8%

According to the newly released data, there are numerous jobs waiting to embrace the aspiring professionals and unemployed people.

Corporate giants like Google, Siemens and Ford, etc. have unveiled their plans to add more workforces in the near future.

The market is flooded with the jobs of all kinds and unemployment rates are observing a new low.

Siemens has reported that it has bagged massive order

Siemens has reported that it has bagged massive order

On Thursday the German electronics and engineering group, Siemens reported a big leap in its orders and raised its dividend to its shareholders. This is a classic example of the world economic recovery feeding into sales of the corporate sector.

Siemens Has Risen Out Of the Dumps

Siemens Has Risen Out Of the Dumps

Europe’s largest engineering company, Siemens AG announced that after the slashed jobs, company’s full year yearning will be much higher than they expected. Cut down was also seen in the demand for factory automation equipment and light bulbs. Siemens also stated that the profit at the industrial and health units will go beyond the 7.5 billion Euros.

Possibility of Strike by IT Staff May Land BBC in Trouble

Possibility of Strike by IT Staff May Land BBC in Trouble

Possibility of a strike action is budding in the IT staff working for the BBC contractor Siemens due to the decision of implementing a pay freeze by the firm. Balloting of the Siemens' employees working under the contract at BBC is being done by Media and entertainment trade union Bectu.

Power transformers asked to pay a fine of 67.6 million Euro by EU

Power transformers asked to pay a fine of 67.6 million Euro by EU

The European Commission, after claiming six companies to have taken part in a power transformer cartel, fined them a total 67.6 million Euros ($99.4 million) on Wednesday.

German company Siemens wins huge Iraqi order

Munich - German turbine maker Siemens said Monday it had won a major order from Iraq for 16 high-efficiency gas turbines costing 1.5 billion euros (2.1 billion dollars).

Iraq's ministry of electricity is struggling to end constant power outages and restore damaged oil and gas-fired power stations.

Siemens to resolve corruption investigation in US

German engineering conglomerate Siemens AG said on Friday that investigations by US regulators into a corruption case against it will end soon - the company plans to plead guilty and pay at least $450 million in fines to settle the long-standing corruption charges.

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