Siemens supervisory board employee reps against further splitting-up

BERLIN (Reuters) – Siemens’ new supervisory board is dedicated to getting rid of the portfolio coverage of the previous, stated influential worker representatives on the board, who added that they have been against additional splitting up the German industrial group.

Siemens AG, Siemens Mobility, and the bulk stake in Siemens Healthineers are “the core of Siemens, that is non-negotiable”, stated Juergen Kerner, an IG Metall board member who can also be a supervisory board member, at a press occasion late on Tuesday.

Joe Kaeser, predecessor of Siemens boss Roland Busch, had break up off the power expertise division Siemens Vitality and introduced Siemens Healthineers on the inventory alternate.

There’ll at all times be minor portfolio adjustments inside the divisions, stated Kerner. “That is at all times been the case at Siemens. We do not oppose change. It simply cannot be a one-way avenue.”

(Reporting by Alexander Huebner, Writing by Miranda Murray; Modifying by Madeline Chambers)