10625
Siemens to Cut 7,800 Jobs
World Economy

Siemens to Cut 7,800 Jobs

German engineering giant Siemens said Friday it was slashing 7,800 jobs worldwide, more than 3,000 of them in Germany, as part of an ongoing restructuring plan aimed at saving about one billion euros, AFP said. “In a drive to streamline administrative and overhead functions, about 7,800 jobs are to be cut worldwide,” the company, which employs more than 300,000 staff, said.

 

Short URL : http://goo.gl/LnVaEP

You can also read ...

Bank of Japan Keeps Policy Steady
The Bank of Japan kept its monetary stimulus unchanged...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...
German Ministry Optimistic About Third Quarter Growth
Germany’s economy weakened at the start of the third quarter...
WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
China Vexed Over S&P Credit Rating Downgrade
China is angry at Standard and Poor’s following a downgrade of...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...

Trending

Googleplus