INQUIRER.net: Siemens to cut over 3,000 jobs in industrial division

INQUIRER.net Philippine News for Filipinos

Siemens to cut over 3,000 jobs in industrial division Apr 11th 2013, 23:57 BERLIN—German engineering giant Siemens said Thursday it is planning to cut over 3,000 jobs in its industrial division as part of a vast plan to save six billion euros ($8 billion) as it faces falling profits.   In a presentation published on its website, the company said 500 jobs would be cut at its Munich headquarters, while a further 500 positions would be lost by reducing mechanics factories in Germany from four to two.   The closure of a factory in Pakistan would result in 200 job losses and another 200 positions would be moved from Germany to the Czech Republic. In addition 1,700 sales positions would be lost.   Siemens, which is Europe's larg... Keep on reading: Siemens to cut over 3,000 jobs in industrial division Media files: siemens.jpg (image/jpeg)

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