Not all news is good news

logo_siemens.gif Berlin-based Siemens AG is making the headlines with rather unpopular decisions currently. The emotions currently circulate around the issue that the company’s board members will receive a raise of up to 30% (sometimes of up to ~€900,000 EUR), while workers’ wages are cut and some will need to be laid off.

While the board’s chairman argues that the management of Siemens is underpaid compaired to other companies of the German , the public focuses primarily on the lack of morality shown by the obvious overall lack of timing presenting the increase in pay for the management and thousands of possible lay-offs on the other side.

Read more at Forbes

1 Comment so far

  1. wi11iam13 (unregistered) on September 20th, 2006 @ 6:07 pm

    ooops…better start those layoffs in the marketing department!

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