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…

Siemens CEO defends turbine business restructuring: Spiegel – Reuters

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,…

Decentralisation results in Vistaprint restructure – printweek.com

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…