Tag #Siemens

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elpais.com

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Sep 21, 10:17

Spanish Centenary Companies: Adaptability and Innovation Drive Longevity

Amid a landscape where the average lifespan of a Spanish company is 13.5 years, approximately 300 firms have thrived for over a century, demonstrating remarkable adaptability and innovation in navigating economic and technological shifts.

Spanish Centenary Companies: Adaptability and Innovation Drive Longevity

Amid a landscape where the average lifespan of a Spanish company is 13.5 years, approximately 300 firms have thrived for over a century, demonstrating remarkable adaptability and innovation in navigating economic and technological shifts.

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Industry, Innovation, and Infrastructure

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What are the key factors contributing to the longevity of these 300 Spanish companies?

These companies prioritize a balance of tradition and innovation, maintaining core values while adapting to market changes. Siemens, for example, has maintained its commitment to responsibility, innovation, and excellence while evolving its portfolio and strategies over 178 years. Airbus's success is attributed to its early vision of independent aircraft design and continuous adaptation.

zeit.de

🌐 75% Global Worthiness

Aug 30, 16:16

15 Billion Euro Deal Awarded for Berlin S-Bahn Network

A consortium of Deutsche Bahn, Stadler, and Siemens won a 15 billion euro contract to operate and maintain parts of Berlin's S-Bahn network for 15 years, starting in the 2030s, following years of delays and legal challenges.

15 Billion Euro Deal Awarded for Berlin S-Bahn Network

A consortium of Deutsche Bahn, Stadler, and Siemens won a 15 billion euro contract to operate and maintain parts of Berlin's S-Bahn network for 15 years, starting in the 2030s, following years of delays and legal challenges.

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Sustainable Cities and Communities

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What is the total value of the contract awarded for the Berlin S-Bahn network and what are the key components?

The contract is valued at approximately 15 billion euros. It includes operating several S-Bahn lines for 15 years starting in the 2030s, delivering 1,400 new train cars, and providing vehicle maintenance for 30 years.

welt.de

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Jul 17, 16:15

Siemens Averts Major Layoffs, Announces €50 Million Transformation Fund

Siemens, facing criticism over 6,000 global job cuts, reached three agreements with unions: a €50 million transformation fund, a deal on German job reductions (around 2,750), and improved wages for 11,000 employees, aiming for internal job transitions rather than layoffs.

Siemens Averts Major Layoffs, Announces €50 Million Transformation Fund

Siemens, facing criticism over 6,000 global job cuts, reached three agreements with unions: a €50 million transformation fund, a deal on German job reductions (around 2,750), and improved wages for 11,000 employees, aiming for internal job transitions rather than layoffs.

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Decent Work and Economic Growth

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How does Siemens's €50 million transformation fund aim to mitigate the impact of job cuts and facilitate workforce adaptation?

The agreements aim to manage Siemens's rapid transformation while preserving jobs. A key element is a €50 million fund for employee training and internal relocation, supplemented by existing training budgets. This approach contrasts with traditional severance packages, prioritizing employee retention and reskilling.

welt.de

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May 15, 13:10

Siemens Q2 Profit Up 11%, Automation Sector Recovers Despite Job Cuts

Siemens announced a strong Q2 with €2.4 billion profit (11% increase year-on-year), driven by the recovery of its automation sector, especially in China (41% order increase), despite planned job cuts costing €500-600 million and persistent weakness in Germany. This success is attributed to a globall...

Siemens Q2 Profit Up 11%, Automation Sector Recovers Despite Job Cuts

Siemens announced a strong Q2 with €2.4 billion profit (11% increase year-on-year), driven by the recovery of its automation sector, especially in China (41% order increase), despite planned job cuts costing €500-600 million and persistent weakness in Germany. This success is attributed to a globall...

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How does Siemens' planned job reduction strategy relate to its current financial performance and future growth prospects, and what are the estimated costs associated with this restructuring?

The strong Q2 results, particularly the recovery in the automation sector, highlight Siemens' resilience to economic headwinds. This success is attributed to a globally diversified value chain, including substantial operations in the US, mitigating the impact of US tariffs. However, the planned job cuts, costing €500-600 million, represent a structural decision independent of current economic performance.",

cbsnews.com

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Apr 12, 04:10

Six Killed in Hudson River Helicopter Crash

A helicopter sightseeing tour crashed in the Hudson River near New Jersey, killing a family of five from Spain and the pilot; the NTSB is investigating.

Six Killed in Hudson River Helicopter Crash

A helicopter sightseeing tour crashed in the Hudson River near New Jersey, killing a family of five from Spain and the pilot; the NTSB is investigating.

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What caused the fatal Hudson River helicopter crash, and what immediate actions are being taken to prevent similar incidents?

A sightseeing helicopter crashed in the Hudson River, killing all six people on board: a Spanish family of five and the pilot. The family, including a Siemens executive and his family, were in New York City to celebrate a child's birthday. The pilot was a Navy veteran.

dw.com

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Jan 9, 16:11

Rosatom to Sue Siemens over Akkuyu Nuclear Plant Delays

Russia's Rosatom will sue Siemens for delayed delivery of parts for Turkey's Akkuyu Nuclear Power Plant, citing missed deadlines and project setbacks; Siemens blames German export permit delays; Russia sourced replacements from China.

Rosatom to Sue Siemens over Akkuyu Nuclear Plant Delays

Russia's Rosatom will sue Siemens for delayed delivery of parts for Turkey's Akkuyu Nuclear Power Plant, citing missed deadlines and project setbacks; Siemens blames German export permit delays; Russia sourced replacements from China.

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Affordable and Clean Energy

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What are the immediate consequences of Siemens's failure to deliver parts for the Akkuyu Nuclear Power Plant, and how does this impact the project timeline?

Rosatom, Russia's state nuclear energy corporation, will sue Siemens for failing to deliver parts for Akkuyu Nuclear Power Plant in Turkey. The delay, confirmed by Rosatom's CEO Aleksey Likhachev on January 4th, has reportedly caused project setbacks. Siemens claims the delay is due to a lack of export and customs permits from German authorities.

welt.de

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Aug 30, 16:16

Berlin Awards €15 Billion S-Bahn Contract to DB, Stadler, and Siemens Consortium

After years of delays, a consortium of Deutsche Bahn, Stadler, and Siemens won a €15 billion contract to operate and maintain Berlin's S-Bahn network for 15 years, starting in the 2030s, including the delivery of 1,400 new train cars and 30 years of maintenance.

Berlin Awards €15 Billion S-Bahn Contract to DB, Stadler, and Siemens Consortium

After years of delays, a consortium of Deutsche Bahn, Stadler, and Siemens won a €15 billion contract to operate and maintain Berlin's S-Bahn network for 15 years, starting in the 2030s, including the delivery of 1,400 new train cars and 30 years of maintenance.

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Sustainable Cities and Communities

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What are the significant concerns or criticisms surrounding this contract award?

Alstom, the losing bidder, cited the Berlin Regional Court's March 2024 ruling that found key aspects of the tendering process to be unlawful. The court noted several breaches of procurement law, although Alstom did not raise these objections in time. The group, "Bahn für Alle", criticizes the deal as a partial privatization and is urging the Berlin Senate to reconsider.

kathimerini.gr

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Jul 22, 13:12

German Firms Pledge €100 Billion to Boost Stagnating Economy

More than 60 major German firms, spearheaded by Deutsche Bank and Siemens, under Chancellor Merz's government, committed to over €100 billion in investments over three years to revitalize Germany's stagnating economy, totaling €631 billion with prior pledges, aiming to counter high energy costs and ...

German Firms Pledge €100 Billion to Boost Stagnating Economy

More than 60 major German firms, spearheaded by Deutsche Bank and Siemens, under Chancellor Merz's government, committed to over €100 billion in investments over three years to revitalize Germany's stagnating economy, totaling €631 billion with prior pledges, aiming to counter high energy costs and ...

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Decent Work and Economic Growth

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What is the immediate economic impact of the €100 billion investment pledge by German companies, and how does it address the current economic challenges?

Over 60 leading German companies, including Deutsche Bank and Siemens, have pledged over €100 billion in investments over the next three years to boost the German economy. This initiative, called "Made for Germany," aims to counter economic stagnation and follows previous commitments, bringing the total investment to €631 billion. The plan includes capital expenditures, R&D, and contributions from international investors.

faz.net

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Jul 13, 22:10

SAP and Siemens CEOs Urge Europe to Foster AI Innovation

The CEOs of SAP and Siemens, Christian Klein and Roland Busch, voiced concerns about Europe's competitiveness in AI, calling for substantial changes to EU regulations to promote innovation and prevent hindering advancements.

SAP and Siemens CEOs Urge Europe to Foster AI Innovation

The CEOs of SAP and Siemens, Christian Klein and Roland Busch, voiced concerns about Europe's competitiveness in AI, calling for substantial changes to EU regulations to promote innovation and prevent hindering advancements.

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What specific changes to EU regulations are the CEOs advocating for to improve Europe's AI landscape?

Their concern stems from the potential for AI to significantly alter business operations within 20 years, impacting various sectors. They advocate for regulatory adjustments to ensure Europe remains a leader in AI advancement.

cbsnews.com

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May 8, 01:18

NTSB Report Details Hudson River Helicopter Crash

The NTSB's preliminary report on the April Hudson River helicopter crash that killed six people, including a Spanish family of five and the pilot, details the helicopter's flight path and the catastrophic failure of its tail boom. The helicopter lacked video or data recording devices.

NTSB Report Details Hudson River Helicopter Crash

The NTSB's preliminary report on the April Hudson River helicopter crash that killed six people, including a Spanish family of five and the pilot, details the helicopter's flight path and the catastrophic failure of its tail boom. The helicopter lacked video or data recording devices.

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What role did the lack of video or data recording devices on board play in the investigation's ability to determine the cause of the accident?

The report highlights the lack of video or data recording devices on board, hindering the investigation. However, it mentions the pilot's sunglasses, capable of recording audio and video, were not recovered, potentially leaving crucial evidence unrecovered. The fact that the tail boom failed first could provide investigators with crucial clues.

taz.de

🌐 85% Global Worthiness

Jan 13, 22:08

DTEK to Invest €140 Million in Ukraine's Energy Storage

Ukraine's largest private energy company, DTEK, will invest €140 million in energy storage systems to stabilize the power grid, using batteries from Siemens' Fluence Energy to power 600,000 households for two hours, aiming for completion before next winter and reducing reliance on large power plants...

DTEK to Invest €140 Million in Ukraine's Energy Storage

Ukraine's largest private energy company, DTEK, will invest €140 million in energy storage systems to stabilize the power grid, using batteries from Siemens' Fluence Energy to power 600,000 households for two hours, aiming for completion before next winter and reducing reliance on large power plants...

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Affordable and Clean Energy

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How will DTEK's €140 million investment in energy storage systems impact Ukraine's energy security and its vulnerability to Russian attacks?

DTEK, Ukraine's largest private energy company, will invest €140 million in energy storage systems over the next few years to stabilize Ukraine's power supply and advance its energy transition. This is crucial due to frequent Russian attacks on Ukraine's energy infrastructure. The project involves Siemens' subsidiary, Fluence Energy, providing large-scale batteries.

sueddeutsche.de

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Dec 11, 19:12

Siemens Appoints New Supervisory Board Chairman, Plans Virtual Shareholder Meeting

Siemens appoints Mark Schneider as its new Supervisory Board Chairman following his unexpected departure from Nestlé, aiming for a smooth two-year transition; the company also plans to hold its 2025 annual general meeting virtually.

Siemens Appoints New Supervisory Board Chairman, Plans Virtual Shareholder Meeting

Siemens appoints Mark Schneider as its new Supervisory Board Chairman following his unexpected departure from Nestlé, aiming for a smooth two-year transition; the company also plans to hold its 2025 annual general meeting virtually.

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How does the timing of Schneider's departure from Nestlé influence his suitability for the Siemens role?

Siemens prioritizes a smooth leadership transition, highlighting the complexity of understanding a large corporation like Siemens and the importance of a successor experienced in global business and German co-determination. Schneider's unexpected departure from Nestlé, due to decreased growth and investor confidence, presented an opportune moment for Siemens.

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