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• Siemens seeks investment from sovereign wealth funds: CFO

  - 2008-08-28

  FRANKFURT AFP — German conglomerate Siemens wants to attract investment from sovereign wealth funds to enlarge its long-term investor base and improve access to fast-growing markets, its chief financial officer said in comments published Thursday. Siemens "would very much welcome an active involvement" by funds from the Gulf, Russia...

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• Siemens chief says major restructuring on the cards

  - 2008-06-29

  BERLIN AFP — The head of German engineering group Siemens has confirmed that a major restructuring is on the cards, after reports said the firm wanted to lay off 17,000 workers, according to comments published Sunday. "At the end of last week we presented our plans to the board....

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• Siemens mulling 17,000 job cuts

  - 2008-06-28

  BERLIN AFP — The German conglomerate Siemens is set to announce over 17,000 job cuts worldwide, more than a third of them in Germany, according to press reports on Saturday. The figure reported by several German dailies is considerably more than the 10,000 job losses anticipated by the German...

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• Siemens boss says group is too German, white and male

  - 2008-06-25

  FRANKFURT AFP — The head of German industrial group Siemens, Peter Loescher, feels his company's managers are too German, white and male, he said Wednesday in an interview. "The managment board are all white males," the Austrian-born Siemens chief executive told the Financial Times and Financial Times Deutschland. ...

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• Siemens to cut up to 15,000 jobs: report

  - 2008-06-25

  BERLIN AFP — German industrial group Siemens is to cut up to 15,000 jobs worldwide as it restructures administrative services, according to a press report to be published on Thursday. A Siemens spokesman contacted by AFP declined to comment on the report, which was released in advance by the...

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• Belgian railways orders Siemens trains worth 1.3 billion euros

  - 2008-04-11

  BRUSSELS AFP — Belgium's public railway company SNCB announced Friday it had decided to order 305 electric passenger trains from Germany's Siemens worth 1.3 billion euros two billion dollars. The SNCB board gave the green light to its biggest-ever purchase, a key component in the planned electric railway system...

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• Siemens investors torn between strong profits and weak ethics

  - 2008-01-24

  MUNICH, Germany AFP — "Make money, but not at any price!" Shareholders of the German industrial giant Siemens were impressed Thursday by strong profits but called for an end to corruption within the group. "We want to make money, but not at any price," small shareholder representative Harald Petersen...

  Tags: Agence France-Presse, ethics, FINANCE, investor, shareholder, Siemens AG

• More revelations ahead in Siemens corruption scandal: report

  - 2008-01-16

  BERLIN AFP — Dozens of Siemens staff have come forward with details on corruption at the German engineering group that implicate senior directors, according to a press report to appear Thursday. New Siemens boss Peter Loescher, who joined the group last year and is not involved in a vast...

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• Siemens suspends executive's nomination pending corruption enquiry

  - 2007-12-14

  BERLIN AFP — German engineering giant Siemens has suspended the appointment of Hannes Apitzsch as chief financial officer for the industry sector while a corruption enquiry is carried out. The group said it was a precautionary measure, adding that Apitzsch's compliancy screening would be reevaluated by its own lawyers...

  Tags: Agence France-Presse, Engineering, Litigation, Siemens AG, Strategy

• Siemens to see supervisory board changes: report

  - 2007-11-29

  BERLIN AFP — German engineering giant Siemens, hit by a major corruption scandal, will soon see changes to its supervisory board, Der Spiegel reported Thursday. Former Hypovereinsbank boss Albrecht Schmidt and Henning Schulte-Noelle, former head of insurance giant Allianz, will quit their posts at a shareholders meeting set for...

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