A massive restructuring at Siemens aims to establish its healthcare business, which posted fiscal 2nd-quarter profit growth of 19%, as a stand-alone division could be the 1st step toward a spinout for Siemens Healthcare. Siemens (NYSE:SI) unveiled a massive reorganization today that could be the 1st step toward a spinout for its healthcare business, which posted 19% profit growth during Siemens' fiscal 2nd quarter. The restructuring will see the German industrial giant flatten is business, eliminating a layer of management at the sector level and consolidating its 16 divisions into 9.
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