By Chris Holbrook, 27 November 2000 14:20
NEWS The move is a reaction to the American arm of the company's operations eclipsing domestic market orders by £1.4bn. Siemens, set to float on the New York stock exchange in March, will create four divisions in healthcare, airports, ecommerce and logistics, while accounting, financial control and HR are set to be centralised in its New York operation, in a bid to reinforce co-operation between its 30 US businesses. Heinrich von Pierer, CEO of Siemens, announced the group is keen to drive the firm's profitability by elevating brand recognition of its mobile handsets in the US.
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