Tag: Siemens

Siemens to remain in Australia mining project despite environmental concerns

BERLIN, Germany (AFP) – Siemens boss announced Sunday that the German conglomerate has decided to remain involved in a controversial Adani Carmichael coal mining project in Australia, despite massive environmental criticism as the country faces unprecedented bushfires. The contract for some 18 million euros ($20 million) calls for Siemens to supply rail infrastructure for the Carmichael mine in Queensland, near the Great Barrier Reef. “We have just finished our special meeting…. We have evaluated all […]

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Siemens says profits up on global upturn

FRANKFURT AM MAIN, Germany (AFP) — German engineering giant Siemens said Wednesday that profits jumped in the first quarter, driven by rising demand for its products in areas ranging from renewable energy and trains to industrial robots. Siemens, which runs its business year from October to September, said in a statement net profit jumped by 12 percent to 2.2 billion euros ($2.7 billion) in the three months to December. Underlying or operating profit was also […]

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Macron hosts 140 CEOs in pre-Davos charm offensive

by Laurence Benhamou Agence France-Presse PARIS, France (AFP) – President Emmanuel Macron’s campaign for a “French Renaissance” kicks into overdrive Monday as he welcomes 140 multinational business leaders before this week’s jamboree of the rich and powerful in Davos. The business-friendly president will host executives at the grand Versailles chateau near Paris for an event billed as a warm-up for Tuesday’s opening of the World Economic Forum in the Swiss mountains. Several firms will use the conference […]

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Siemens faces German union showdown over layoffs

by Daphne Rousseau with Tom Barfield in Frankfurt Agence France Presse BERLIN, Germany — Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly outspoken against the plans. A total of 6,900 workers are set to lose their jobs, around half of them in Germany, where Siemens also plans to close sites in the country’s economically […]

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Alstom, Siemens merge to create new European rail champion

by Julie Chabanas and Adam Plowright Agence France-Presse PARIS, France (AFP) — The maker of France’s TGV trains announced Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion. The state-controlled Alstom, the manufacturer of French high-speed trains, which are a source of national pride, called the tie-up with its German competitor “a key moment in Alstom’s history, confirming its position […]

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