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Siemens Restructure Follows the General Electric Map

  • Aired: 1/7/2014
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Siemens announces a huge restructuring effort that involves dropping a layer of middle management, spinning off its hearing-aid business and buying Rolls-Royce turbines. Andrew Bulkeley, correspondent for The Deal in Berlin believes the company is following in the path of General Electric as it sheds its health care businesses and focuses more on engines and the industrial side of the company. Siemens has struggled to cut costs and raise profit margins.

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