Profitability margins are comparable to major competitor

Assignment Help Business Economics

Reference no: EM13796001

Siemens has announced job cuts of 4,500 employees today because a drop in industrial profits to 1.70 billion euros from forecast level of 1.78 billion euros. The new cuts come on top of 7,400 job losses announced earlier. Why is Siemens doing this when its profitability margins are comparable to its major competitors such as GE and ABB?

Reference no: EM13796001

Questions Cloud

What is the value of the test statistic : A business school has found that over the years, out of all the students who are offered admission, the proportions who accept is 0.70. After a new director of admissions is hired, the university wants to check if the proportion of students accepting..

What significant economic issue has the most impact on you : What significant economic issue has the most impact on you

What is its speed just before hitting : A stone is thrown vertically upward with a speed of 16.6m/sfrom the edge of a cliff 75.0 m high. How much later does it reach the bottom of the cliff? Express your answer to three significant figures and include the appropriate units. What is its ..

Large domestic market : Entering international markets has become a priority for many companies even in the US, which has a large domestic market? Is having a strategic alliance with foreign companies a better alternative to simply appointing distributors and dealers abroad..

Profitability margins are comparable to major competitor : Siemens has announced job cuts of 4,500 employees today because a drop in industrial profits to 1.70 billion euros from forecast level of 1.78 billion euros. The new cuts come on top of 7,400 job losses announced earlier. Why is Siemens doing this wh..

Write a explanation of the cartesian method : Write a explanation of the Cartesian Method and identify some of the potential problems with, and appeal of, this approach. Try to illustrate key aspects of this method with your own examples.

The difference between tax avoidance and tax evasion : What is the difference between tax avoidance and tax evasion?

Benefits of outsourcing to low labor cost countries : Was Balagny Clothing Company better off keeping its operations within the US? Why more manufacturing companies are beginning to relocate to the US after enjoying the benefits of outsourcing to low labor cost countries? What are the determinants of pr..

Approach in international marketing and advertising : What is the programmed management approach in international marketing and advertising? How are Kraft Heinz, P&G, Nestle and Starbucks are handing this?

User Account

All Pages