Industrial group Siemens plans to abolish most chief titles for executives under its One Tech Company strategy program.
The reorganization affects leadership positions across the group. Insiders from industry circles told Handelsblatt that chief titles are to be largely abolished.
The move is part of the One Tech Company program. Reports indicate unrest within the company over the planned changes.
The information originates from Munich, where Siemens is headquartered.
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Siemens' restructuring into a "One Tech Company" under CEO Roland Busch could see two central divisions dissolved to cut complexity. Internal tension is rising as silos are dismantled and competencies centralized. An insider told Handelsblatt that many are nervous.
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