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Siemens to axe 7,800 jobs worldwide

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 Munich-based company said...

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