Siemens to Cut Oil, Gas Jobs

Siemens to Cut Oil, Gas Jobs

German industrial group Siemens plans to cut about 2,500 jobs related to the oil and gas, metals and mining sectors, mostly in Germany, it said in a statement. The cuts come after the company said last month it was cutting or transferring to other countries more than 1,000 jobs at a unit making gear for oil drillers and mining companies, Reuters reported.


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