Siemens has announced in a circular that it will make adjustments in poorly-performing application services groups, communication groups, logistics and assembly groups in order to help them improve their businesses, International Finance News reports.
These adjustments are part of Siemens' four plans for accelerated development, and aim to increase its gross profits and growth.
Siemens said, the global measures will be carried out in accordance to local businesses and market situation and they will have little impact on Siemens' businesses in China.
Siemens is increasingly taking China as a footstone for its global businesses. Last year, Siemens pledged to invest 10 billion yuan more in China. This year, it also plans to recruit 5,000 more in China.
By People's Daily Online