Peter Loescher

Siemens cuts 15,000 jobs as a part of the company’s cost cutting program

Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.

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Siemens names Joe Kaeser CEO

Yesterday, Siemens AG announced naming a new CEO for the company after ousting its former head, Peter Loescher.

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Siemens to replace CEO after failing to meet profit margin goal

The supervisory board at Siemens AG asked to oust its current CEO after failing to meet the 12% profit margin goal of the company.

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First outsider CEO leaves Siemens

Peter Loescher, the first outsider to lead the company will be leaving Siemens soon.

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