| Siemens China sacks 20 during bribery crackdown |
SHANGHAI, Aug. 23 -- SIEMENS AG fired 20 staff in China last year for bribery-related offenses during an internal inspection, its China president said yesterday in a briefing in Shanghai, in the presence of Siemens' new chief executive officer.
But it is unknown about their ranking in Siemens's operations in China, where the German engineering giant employs more than 40,000 people. "We have zero tolerance towards any misconduct," said Peter Loescher, who succeeded Klaus Kleinfeld as CEO in May after the latter stepped down in April following a bribery scandal.
German magazine Wirtschafts Woche reported on Monday that internal investigators at Siemens had found that about half of its Chinese operations are influenced by bribery.
|
|
