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PETER LOESCHER
Siemens to replace CEO Peter Loescher after fifth forecast cutSiemens will replace Chief Executive Officer Peter Loescher after Europe’s biggest engineering company repeatedly missed profit targets.- Global CEOs flying into India to review operations and look at growth opportunitiesIndia is becoming a key driver for global companies, with its growing domestic market, steady growth rate and burgeoning middle class.
- Siemens ups CEO pay to $12 million, lifts outlookSiemens AG says its chief executive's total pay has risen 25 per cent to about euro 9 million ($11.8 million) in the latest fiscal year.
- European confidence at 2-yr high on exports pushEuropean confidence in the economic outlook rose to the highest in more than two years in July and German unemployment declined for a 13th ...
- Siemens plans Rs 1,600-cr capexGerman engineering giant Siemens will invest Rs 1,600 crore in India in the next three years to build a production unit for wind turbines.
- Siemens says it plans job cuts, gives no detailsGerman industrial conglomerate Siemens AG is planning job cuts "in some business areas or at some locations," its CEO was quoted as telling...
- Siemens to invest $15 million in Arava PowerSiemens AG will buy a 40 per cent stake in Israeli solar company Arava Power for $15 million (euro10.5 million).
- Siemens to focus on core operations amid crisisSiemens AG intends to focus on its energy, health and industrial services during the global financial downturn and will move to create more...
- Siemens Q3 net dips 31%Industrial conglomerate Siemens’ third-quarter profit fell 31% from the same period a year ago, but was buoyed by better orders for power p...
- Siemens posts strong results, tries to put scandal behindEngineering giant Siemens posted unexpectedly strong results and orders on Wednesday and tried to turn the page on a scandal over which it ...
- Siemens to cut 4.2 percent of its global work force, blames slowing economy for decisionIndustrial conglomerate Siemens AG said Tuesday it would cut 16,750 jobs, or about 4.2 percent of its global work force _ mostly administra...
- Siemens likely to cut 17,200 jobs soonConglomerate Siemens, wracked by a wide-ranging corruption scandal, will cut up to 4% of its work force worldwide, or about 17,200 jobs, tw...
- Siemens to slash work force, cut 17,200 jobs globallyConglomerate Siemens AG, wracked by a wide-ranging corruption scandal, will cut up to 4 percent of its work force worldwide, or about 17,20...
- Siemens chief slams 'criminal practices' within the groupThe head of German engineering giant Siemens on Tuesday slammed what he called "criminal practices" within the group that is still taking h...
- Siemens to rejig its major international operationsGerman engineering group Siemens is planning to shake up its national entities and reorganise international operations into 20 regional cen...
- Siemens may replace divisions headsSiemens, Europe’s biggest engineering company, may name Wolfgang Dehen, Heinrich Hiesinger and Erich Reinhardt as new heads of the energy, ...
- Siemens chief plans thousands of job cutsThe new head of German conglomerate Siemens plans thousands of job cuts as well as a drive to link the pay of top management closer to perf...
- Germany, India agree to boost tiesIndia and Germany agreed to work together to tackle the threat of global warming, speed up the success of worldwide trade talks and boost t...
- Siemens pays 201 mn euro fine to end corruption probeThe decision by the court and the settlement with the tax authorities "conclude the German investigations into illegal conduct and tax viol...
- Siemens likely to double India business by 2010German engineering giant Siemens plans to double the size of Indian operations in the next three years, riding on strong demand for infrast...
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