Under the reorganization, Siemens has rearranged its vast array of businesses into three main divisions: industry, energy and health care.
British oil firm BP plans to sell more than $3 billion worth of underperforming oil and gas assets by the end of 2003, mainly in its North Sea, U.S. onshore and South American divisions, industry sources said.
Zahirul Islam of PHP, a local manufacturer with a big ship-breaking division (the industry prefers to call it ship recycling), says that for 14 months the company was unable to import a single vessel for breaking.Knock-on effects hurt the wider economy.
Investors, who have been impatient with value-oriented investing during the technology-fueled bull market, have withdrawn $1.6 billion from Bernstein mutual funds this year, through April, making the firm's mutual fund division the industry's third-worst seller, according to Financial Research.
Pauline Moller, SVP and studio general manager of the EA Sports division, an industry leader, says being even a casual gamer uniquely positions her to help the company expand its portfolio of games.
Mr Löscher simplified its structure, leaving just four main divisions: energy, industry, health care and a new infrastructure-and-cities division.
The company, which makes everything from trains to gas turbines to medical software, may simply be too diverse to run well.Mr Löscher simplified its structure, leaving just four main divisions: energy, industry, health care and a new infrastructure-and-cities division.
To oversee development of the entire Halo franchise, Microsoft created an internal division, 343 Industries, to manage the Halo brand.
To oversee everything Halo, Microsoft created an internal division, 343 Industries, serving as "stewards" for the franchise.
Currently, Siemens, whose 15 divisions in industry, energy and healthcare employed around 405,000 U.S. workers last year, has around 3,200 job vacancies, and Spiegel says that filling them has been no easy task.
Any attempt to mirror the FCTF approach by consolidating the regulation of food composition, labeling, health claims, food advertising and children's health and nutrition into a single instrument would likely fail due to political divisions and industry opposition.
