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…
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…
What form does the mid-life meltdown of the average highpowered Manhattan businessperson take? An Ironman triathlon, perhaps. A spree of chainsaw murders. Or a 90-minute symphonic album recorded with five choirs in four countries, and promoted in the UK by the team who do press for Guns N Roses. Chandrika Tandon, 63, is one of…
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 large gas turbines,…
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 President and CEO Joe Kaeser attends a news conference with Alstom CEO to announce their deal to merge their rail operations,…
Cimpress has announced a major restructure at its flagship Vistaprint operation alongside its Q1 results. Cimpress: “solid start” to fiscal year 2018 The group decentralised its operations at the beginning of the year, which resulted in 3,000 employees being reassigned to the Vistaprint business. Restructuring at the business unit will involve an as-yet-unspecified number…
Shutterstock photo FRANKFURT, Nov 3 (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…
“This is a game-changer. Before the announcement, the will of Venezuela to pay was strong,” Moya-Ocampos said. “The fact that this restructuring is not accompanied by an economic reform plan tells us we can’t say that anymore.” PDVSA also delayed an $81 million bond payment that was due Oct. 12 under a 30-day grace period.…
FRANKFURT, Nov 3 (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…
(Repeats to widen distribution with no changes to text) By Brian Ellsworth and Eyanir Chinea CARACAS, Nov 2 (Reuters) – Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find…