FRANKFURT (Reuters) - Siemens finance chief Joe Kaeser has blasted the way joint venture Nokia Siemens Networks (NSN) was handling planned job cuts in Germany and called on it to hold talks with labor.
Siemens finance chief Joe Kaeser has blasted the way joint venture Nokia Siemens Networks was handling planned job cuts in Germany and called on it to hold talks with labor. "Siemens will not accept ...
Siemens AG’s new Chief Executive Officer Joe Kaeser is widening job cuts from an initial plan after the failure to catch up in profitability with rivals General Electric Co. and ABB Ltd. cost his predecessor the job.
The company will eliminate 15,000 posts, representing 4% of its 370,000 workers worldwide, and a third of the reduction will come in the German home market, Oliver Santen, a Siemens spokesman, said by phone yesterday. He declined to give more regional details. The company has more than 4,500 employees in Canada.
FRANKFURT (Reuters) - German engineering giant Siemens named finance chief Joe Kaeser, a 33-year company veteran, as its new boss after dumping Chief Executive Peter Loescher four years before the end of his contract following a series of profit warnings.