Siemens has now decided not to sell its Logistics Devision keeping customers like Deutsche Post and US Postal, airports from all around the world and others which use Siemens technology for their freight-logistics and baggage-handling. I can only applaud this decision not only because I am emotionally attached to logisitcs and avaiation / airport-business but because selling a company with € 800million turnover and 60million in earnings for 300million only
a) takes 60 million off your yearly success reportings
b) makes more people in other money-making parts of the company fear for their jobs and thus does not improves their work-motivation
c) reduces the attractiveness of the group because an exciting devision is lost whee people might want to switch to during their carreer and
d) 300 million is way too little for the company.
SIEMENS in my eyes has been suffering from bad leadership - or rather the absence of true leadership meaning that what once was the German GE is now a shadow of what it used to be 20 years ago while GE has been stadily and successfully expanding during the reign of Jack Welch and also after the "Manager of the Century" retired. So maybe there is a change of mind slowly taking place at SIEMENS? I really do hope that this is the case!