The company has said that the cuts will save $1 billion in 2018, after admitting it expects dwindling demand for fossil fuel power plants to continue.
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Siemens to funnel $500M into digital initiatives in Middle East
Siemens has announced plans to invest over $500 million into its digital presence in the Middle East over the next three years. 0 2084
US charges three Chinese nationals with Moody’s, Siemens data breach
US prosecutors have charged three Chinese nationals affiliated with a cybersecurity company in China with hacking into Siemens AG, Trimble and Moody’s Analytics to steal business secrets, according to a report by Reuters.
Siemens’ plan to cut 6,900 jobs worldwide sparks protest
Siemens’ human resources chief said the proposal could be revised after negotiations with the union, after the company announced on Thursday it wanted to cut approximately 6,900 jobs worldwide – close to 2 percent of its global workforce.
Saudi Ministry of Communications and IT signs pact with Siemens
The Saudi Arabian Ministry of Communications and Information Technology has signed a MOU with Siemens aiming to boost digital industrial …
Siemens, Intel showcase IoT-based well surveillance solution
Siemens has unveiled an end-to-end IoT solution, designed to help oil and gas firms enhance production and reduce costs …
Misk Foundation, Siemens expand collaboration
The Misk Foundation and Siemens today signed a new Memorandum of Understanding at the Misk Global Forum expanding their collaboration aimed at developing …
Oman strives for renewable energy independence by 2019
Oman’s experiment with new models in partnership with the private sector and its eagerness in adopting new technology could pave the way for large-scale renewable projects, Markus-Erich Strohmeier, chief executive officer of Siemens Oman.
dnata agrees cloud deal for digital cargo ops
dnata has agreed a deal to implement a “cutting-edge” cloud-based software platform for its cargo operations in Dubai. The appointment …
RTA signs MoU for 3D-printed parts on Dubai Metro
Dubai’s Roads and Transport Authority (RTA) has signed a memorandum of understanding (MoU) with Siemens for the provision of 3D-printed …
Siemens partners with SACGC to boost skills
Siemens has partnered with the Sabah Al Ahmad Centre for Giftedness and Creativity (SACGC) founded by Kuwait Foundation for Advancement …