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Hamburg / Munich - Should General Electric CEO Jeff Immelt have planned it, Joe Kaeser to steal the show, so it should geligen this. Given the headline-grabbing campaign bidder, the GE and Siemens Show Chart just around the French rival Alstom to supply threatens the strategy presentation of the new Siemens bosses on May 7 to fall behind in the public eye.
The purchase of Alstom Show Chart Kaeser is in Berlin hardly able to present, he has just recorded the conversations at the request of the French government only again. Instead, the Siemens CEO would announce another acquisition in the energy sector, manager magazin learned online from Siemens circles. The investment for this will be in the billions, but much smaller than Alstom be.
Also first divestments to be published according to the districts, including the majority of sales of the Austrian steel plant manufacturer VAI to Japanese competitors Mitsubishi Heavy Industries Show Chart .
The core strategy idea but it will be a reorganization, in which the four sectors are resolved and thus the top of the hierarchy is deleted. This will bring a "significant job losses" with the reduction of many thousands of sites with it, said several Siemens top manager to manager magazin online. Expected'll disappear a medium to high four-digit number of jobs. A Siemens spokesman declined to comment to the mm-information.
Threatened primarily administrative posts
The shortened Siemens jobs in addition to the 2012 launched by Kaeser predecessor Peter Löscher austerity program across the Group canceled 15,000 jobs in which until the end of this year. However, analysts have partly still expects higher numbers and evaluate the more moderate degradation as a concession of the incumbent since August 2013 Siemens foreman to employees and the mighty IG Metall.
So shall Kaeser new Sparkur - unlike extinguisher program - almost exclusively posts in the administrative process, all the way up to upper management. The aim is to streamline the process from quotation to production and from production to processing and to cope more efficiently and faster with less staff, report several insiders. The works also in Germany, therefore, remain largely unscathed.
After extinguisher had cut right after he took office in 2007, nearly two billion euros administration costs, the apparatus over the last years was downright burgeoned. In the past financial year 2012/13 reached the administrative and sales costs at 14.9 percent, the highest share of sales since 2008.
In this respect, Siemens is still suffering from the consequences of a quencher started in 2011 growth initiative at Siemens from the three sectors of energy, industry and medical four made and the infrastructure sector also created & cities, eight billion euros additional spending and 36,000 people specially hired. Despite this investment, Siemens hardly grew. So still estimates JP Morgan analyst Andreas Willi the cost overhang after the current austerity program to around two billion euros.
"Siemens is harder than in the past ten years have to work to maintain its competitiveness," wrote JP Morgan analyst.
The basic features of the structure, with the Kaeser want to be in this fight standing, now largely fixed: The sectors are deleted, the underlying moved 16 divisions will be combined into eight or nine divisions, as several people from the upper Siemens Leadership Circle manager magazin online said .
This Kaeser turns back time recognizable. The future of the business is very similar to cutting. Extinguisher under predecessor Klaus Kleinfeld and its predecessor Heinrich von Pierer Be from the former industrial sector Siemens sources said the two divisions of industrial automation and process automation - the relatively stable business with the process industry wants Kaeser stronger force than previously, the Division will include the drives.
From extinguisher fourth sector Infrastructure & Cities are the divisions Mobility (trains) and building formed. There are also three or four energy technology divisions such as power generation, transmission and wind power. Largely untouched remains of the reorganization is expected only to medical technology, was a sector previously and in the future will constitute a division.
This is associated with a loss of power sector bosses: These groups will be Siemens sources said not carry more direct operational responsibility, but only - as it was in Pierer - as a "godfather" or "coordinators" of the divisions operate.
Massive chairs back to division-level
In return, they should be more aware of their regional responsibility for the overall group, the Kaeser had expanded last fall: Since then, the former energy chief Michael Suess for North America, Mexico and the Middle East is responsible, Industrial Officer Siegfried Russwurm for Europe, Africa and the CIS States, Cities board member Roland Busch for Asia (excluding Japan), and Australia as well as medical chief Hermann Requardt for South America and Japan.
Among them, at division level, should extinguisher CEO principle remain still. However, the conversion process pressure causes a huge musical chairs. Thus many a sector chief financial officer should in future find themselves the chief financial officer of a division. Various divisional CEOs and CFOs must therefore mostly certainly look for new jobs in the organization. Already announced first critical voices from the group that the conversion will probably save not so much. In any event, in the range of CFO - in Kaeser's former department so - most managers have some new jobs, said a company insider.
This Kaeser also signals his departure from the previous company policy to announce sales before a buyer is fixed. This had the sale candidates often harmed in the past few years and complicates the search for a buyer.
So, for example, draws the sale of the division, mail and baggage automation with 3600 employees worldwide, Siemens had announced in November 2012, to today. According to information from mm According to financial circles of the U.S. investor Wilbur Ross is currently the front, on the other hand the financial investor Triton are more likely given little chance. The final negotiations could possibly be completed until May 7. Sure, as an insider, but it was not.