Siemens restructures in search for profits

FURTHER rationalisation of rail activities was announced in Wien on March 11 by the President of Siemens Verkehrstechnik Dr Wolfram Martinsen. Although the division’s results improved from a DM120m loss in 1994-95 to a DM19m profit in 1995-96, on constant turnover of around DM4·3bn, he forecast losses of around DM80m ...