Siemens shakeup returns power to country managers

By Maria Sheahan FRANKFURT (Reuters) - Siemens' new Chief Executive Joe Kaeser is returning more power to lower-level managers around the world with the aim of making the engineering group more nimble. The company, Germany's second-biggest by market value, said in a statement on Thursday it was doing away with a level of regional management it calls "clusters", introduced by former chief executive Peter Loescher in 2008, to return to a flatter hierarchy and make it easier to take quick decisions. ...

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