You are here

Siemens to axe 7,800 jobs worldwide

Saturday, February 7, 2015 - 05:50

Munich

SIEMENS AG plans to cut about 7,800 jobs, about 2 per cent of its global workforce, as chief executive officer Joe Kaeser needs to slash costs at Europe's biggest engineering company to revive profits.

About 3,300 of the jobs will be cut at Siemens' German operations, the

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom