WRAPUP 1-Siemens upbeat but cost cuts continue

Newswire

(Writes through, wraps SBS, Siemens Mobile, VDO elements) By Georgina Prodhan FRANKFURT, Feb 17 (Reuters) - German conglomerate Siemens presented an upbeat mid-quarter picture on Tuesday with its biggest units thriving but said it would keep cutting costs by shifting employment to low-cost regions. Siemens, whose products range from X-ray machines to trains, said innovations would drive growth at the company, which last month posted flat quarterly sales as the strong euro and pricing ...

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