Bureau Chief for Germany, Austria, Switzerland
Noah's Feed
Jun 2, 2014
Jun 2, 2014
Jun 1, 2014
Jun 1, 2014
May 30, 2014
May 30, 2014

Siemens CEO tries to calm furore over job cuts

BERLIN/MUNICH (Reuters) – The chief executive of German conglomerate Siemens SIEGn.DE tried to calm a brewing storm over job cuts on Friday after he let slip at an investor conference in New York that his plan to restructure the company could put up to 11,600 staff at risk.

Joe Kaeser, who was vaulted into the top job at the Munich-based firm nine months ago, unveiled an overhaul earlier this month that removes layers of management by abolishing a corporate structure, along sectoral and regional lines, that was put in place by his predecessor Peter Loescher.

May 29, 2014
May 29, 2014
May 29, 2014
May 28, 2014
    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
    • More from Noah

    • Contact Noah

    • Follow Noah