Siemens said administrative job cuts would save US$1.14 billion this year alone that it could invest in growth initiatives
Dresser-Rand will operate as Siemens’ oil and gas business under its own brand name, retain its executive team
The cloud-based web application developed using Google Earth produces a 3D version of assembly plants
The two automation giants will collaborate on machining and robotic technologies in the deal announced at the EMO machining and automation trade show in Germany
Executives made decision after meeting with Premier Alison Redford during London 2012 Olympics
Will be comprised of 124 turbines and produce 270 Megawatts of power
Siemens F-Class turbine which generates enough power to supply the energy needs of a city of 300,000
The move is an attempt to save costs and phase out older technologies at its Osram division.
The 10-year deal will modernize the province’s electrical system.
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