Topic: Conglomerates
Siemens to cut 4,200 jobs at IT business
AP News
Siemens says it plans to cut 4,200 jobs worldwide at IT businessGerman industrial conglomerate Siemens AG said Thursday it will cut 4,200 jobs worldwide at its information technology unit as it restructures the business. The company wants to put Siemens IT Solutions and Services, or SIS, "on a ...
Canadian accused of defrauding Honeywell dies in U.S.
Reuters US Online Report Top News
NEW YORK (Reuters) - A Canadian man charged by U.S. prosecutors two weeks ago with trying to fraudulently obtain aircraft parts from Honeywell International Inc was found dead in his New York apartment, apparently of natural causes, his lawyer said on Wednesday. Lawyer Sabrina Shroff said her client Faramarz Rafii ...
Siemens moves power unit to NC, adds 825 jobs
AP News
Siemens preps for expected rise in power demand, moves unit producing gas turbines to NCGerman industrial conglomerate Siemens AG is consolidating production of gas turbines for electric utilities in North Carolina to position itself for an expected boom in electricity demand in the Southeast and around the world. A subsidiary ...
Dubai World 'to deliver debt plan this month'
AFP Global Edition
Dubai's government said Monday that state-owned conglomerate Dubai World will this month present creditors a proposal on restructuring its 22 billion dollars of debt. "A formal proposal will be presented by Dubai World to creditors in March," a government spokesperson told AFP in an email message, refusing to comment ...
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