May 7, 2019 / 4:25 PM / 18 days ago

BRIEF-Siemens union accepts plan to spin off power and gas business

May 7 (Reuters) - Siemens union IG Metall says:

* ACCEPTS PLAN TO SPIN OFF POWER AND GAS BUSINESS AFTER CONSIDERING MARKET SITUATION

* CONDITIONS INCLUDE THAT NEW COMPANY MUST BE BASED IN GERMANY

* REMAINING INDUSTRIAL PART OF SIEMENS MUST OPERATE WITHOUT FURTHER SPIN OFFS; SHOULD BE EXPANDED

* NEW COMPANY HAS STRONG STARTING POSITION; BETTER TO ACT NOW THAN JUST REACT TO MARKET

* EMPLOYEES HAVE BETTER FUTURE WITHIN THIS UNIT THAN WITHIN SIEMENS Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below