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29.06.2008 - Siemens Faces Major Restructuring, Job Cuts

DW-WORLD: Siemens Mulls Plans to Cut 15,000 Jobs German electronics giant Siemens is weighing plans to slash up to 15,000 white-collar jobs in a bid to cut administrative costs, a newspaper report said as CEO Peter Loescher vowed to avoid forced redundancies.

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(26.06.2008) DW-WORLD: Siemens Corruption Trial Begins After a year and a half of investigations into alleged corruption at engineering giant Siemens, the first criminal trial opened on Monday, May 26. The chief prosecutor said the massive case would send a clear message. (26.05.2008) DW-WORLD: German Firms Not Affected by Siemens Scandal, Experts Say Rocked by the biggest bribery scandal in German corporate history, Siemens is restoring its tarnished image. Experts say the fallout from the affair may actually have led Siemens Corruption Affair Claims Healthcare Chief's Job ...
German police raid radical Islam suspects ...
German citizen held by US forces as terror suspect ...
to a shift towards cleaner business practices. (07.05.2008)

(Deutsche Welle)


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