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Siemens to cut 1,000 jobs in spin-off
Jobs

Siemens to cut 1,000 jobs in spin-off

The German industrial group Siemens will cut at least 1,000 jobs as it restructures its SIS information services unit with an eye towards listing it on the stock market, a press report said on Wednesday.
Siemens posts billion euro loss
earnings

Siemens posts billion euro loss

German industrial giant Siemens said Thursday it suffered a net loss of €1 billion in the last quarter of its 2008/09 fiscal year, and expected the current year to be worse.
Siemens snaps up solar energy firm
Energy

Siemens snaps up solar energy firm

German conglomerate Siemens on Thursday announced the purchase of Solel Solar Systems, a maker of panels used in power plants harnessing the sun's rays to generate electricity.
Appliance kickbacks under investigation
Crime

Appliance kickbacks under investigation

Two of Germany’s biggest appliance makers, Bosch and Siemens, may have provided illegal kickbacks to retailers willing to push their goods to customers, according to a report in the latest issue of <i>Der Spiegel</i>.
Siemens wins Danish wind turbine deal
Energy

Siemens wins Danish wind turbine deal

<b>German engineering giant Siemens said Friday it has won one of its biggest ever renewable energy contracts, worth more than €2 billion ($2.5 billion) for wind turbines for a Danish firm.</b>