Siemens’ new company-wide programme, which will be in effect for two years, intends to focus on cutting costs, boosting competitiveness and becoming faster and less bureaucratic, thus enabling the company to meet its goals and underscore targets defined in the One Siemens framework.
At its management conference in Berlin, Siemens AG presented the basic structure of its new company-wide programme to some 600 top executives. Despite a difficult market environment, the company expects to achieve one of the best operating results in its history in fiscal 2012. Nevertheless, Siemens will likely not meet the ambitious goals it defined for itself within the framework of the One Siemens target system. By implementing this new programme, which will be in effect for two years, the company intends to focus on cutting its costs, boosting its competitiveness and becoming faster and less bureaucratic. Under the programme, Siemens will concentrate on five areas:
* Cost reduction
* Simplified governance
* Optimized infrastructure
* Strengthen core activities
Concrete measures geared to these areas are currently being developed. Milestones and concrete figures are to be announced at the Annual Press Conference on 8 November.
The basic strategy and structure of the company – which comprises the four Sectors Energy, Healthcare, Industry, and Infrastructure & Cities – remain unchanged. The aim of the newly launched programme is to enable Siemens to meet its own ambitious goals and to underscore the targets defined in the One Siemens framework.