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Board head under pressure to go at scandal-hit Siemens: report

Heinrich von Pierer, the head of the supervisory board at Siemens, is under pressure to resign as a result of the corruption scandal besetting the electrical concern, the news magazine Der Spiegel reported Friday.

Investigations at Siemens centre around funds provided illegally to a pro-business trade union centre at the time that Von Pierer was chief executive. Several members of the board, both investors and labor representatives, are calling for Von Pierer's head, with the aim of making a fresh start, according to Der Spiegel. The board would at its next meeting on April 25 demand a full list of the payments made to Wilhelm Schelsky, the head of the AUB union, who is currently under arrest, Der Spiegel said. The allegations of illegal payments at the concern first emerged in November last year. (news.monstersandcritics.com)