Kaeser
Kaeser
China Tabs Siemens as Partner on Gas Turbines
Siemens on July 9 said it has a memorandum of understanding (MOU) to work with China’s State Power Investment Corporation (SPIC) on heavy-duty gas turbines. Siemens said it will support…
Restructuring on Horizon for Siemens and GE
Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks,…
Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs
Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16…