Siemens has no plans right now to dismantle its Infrastructure & Cities division, its chief executive reiterated in a company newsletter, brushing off a recent press report.
"I have already made it clear, numerous times, that changing the IC Sector structure is not a priority for me," Joe Kaeser said in the newsletter distributed on Thursday.
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Germany's Manager Magazin reported earlier this month that Siemens planned to dismantle the Infrastructure & Cities division and was reviewing other businesses.
(Reporting by Maria Sheahan; Editing by Peter Dinkloh)