On Air Now

Listen

Listen Live Now » 99.9 FM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
68° Feels Like: 68°
Wind: S 22 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 38°

Tomorrow

Sunny 76°

Sun Night

Showers Late 46°

Alerts

Siemens CEO affirms has no plans to scrap Infrastructure unit

FRANKFURT (Reuters) - Siemens has no plans right now to dismantle its Infrastructure & Cities division, its chief executive reiterated in a company newsletter, brushing off a recent press report.

"I have already made it clear, numerous times, that changing the IC Sector structure is not a priority for me," Joe Kaeser said in the newsletter distributed on Thursday.

Germany's Manager Magazin reported earlier this month that Siemens planned to dismantle the Infrastructure & Cities division and was reviewing other businesses.

(Reporting by Maria Sheahan; Editing by Peter Dinkloh)

Comments