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Eastern Europe Slows Siemens Austria Down
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Published: February 9, 2011; 00:43 ♦ (Vindobona)

The pre-crisis level has not been reached yet, says CEO Hesoun. Public savings programs prevent the technology company's growth.

In an interview with the daily "Presse", the CEO of Siemens Austria, Wolfgang Hesoun, says that the company was still far from the pre-crisis levels. 2010/11 will be a "tough year". Siemens suffered a sales decline in 2009/10, as part of the consequences of the sale of the Software Division SIS.
The reason for this situation is the weak development of orders throughout the CEE…
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