Siemens CEO defends turbine business restructuring: Spiegel … – Times of India

FRANKFURT (Reuters) – Siemens’ chief executive has defended the German industrial group against government accusations that its planned job cuts could encourage right-wing populism in economically weak areas of the former East Germany. Siemens may cut thousands of jobs in an overhaul of its power and gas business, which is struggling with low demand for…

Restructuring Charges Hold RBC Bearings Back for Now – Madison.com

Machinery from sophisticated aircraft to manufacturing equipment requires a host of bearings and components to work properly, and RBC Bearings (NASDAQ: ROLL) specializes in supplying the key products that various manufacturers need to do their work properly. The strength of the aerospace industry has helped keep RBC moving higher in recent years, but some headwinds earlier…