News / Stock

Siemens big shake-up sees job loss and reorganization. Alphie forecasts a bullish trend for the sector.

Mag 9, 2019 - 15:35 GMT+0000

The German engineering giant Siemens has announced it will spin off their gas and power divisions resulting in more than 10,000 job losses. Siemens, active in the sectors of technology, energy and other services, continues on its path of corporate reorganization aimed at achieving the objectives of sustainable growth and focusing on the sectors that it considers most dynamic. The company has announced their ‘Vision 2020+’ strategy, which will see their focus shift towards the activities of Digital Industries (DI) and Smart Infrastructure (SI). These measures will ensure flexibility and profitability to continue investing in future-oriented markets and technologies. In…

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