Siemens Restructures Managers to Improve Margins

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Oct. 18 (Bloomberg) –- Bloomberg’s David Tweed reports on Siemens CEO Joe Kaeser’s plan to cut bureaucracy by restructuring his management team. He speaks to Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Improve margins.

David is in berlin.

What has been going on?

Class every year, they have a meeting in berlin and 600 managers come together and are addressed by the chief executive and they talk about the future and strategy.

This is the first meeting joe kaiser has addressed these 600 managers since he became the ceo.

Five warnings, a 22 drop in the share price.

At the same time, we saw share price absolutely soaring of other companies.

Joe has unveiled at this meeting a new management structure for the sale.

What will happen is no longer are we going to see countries clustered together like the united kingdom and scandinavia.

What they will do is return management to each country had to get rid of the layer of bureaucracy.

That is the whole aim of this.

What they are trying to do is increase margins again.

They are trying to catch up with general electric.

The average margin, about nine, compared with a vb, about 10.3 and general electric, 15. that is what they are planning.

I thank you.

See you later.

A private equity firm is set

This text has been automatically generated. It may not be 100% accurate.

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