German industrial giant Siemens will cut 4% of its workforce after continued profit drops.
A new cost-cutting programme to be introduced at German industrial company, Siemens is likely to result in up to 15,000 jobs being cut. So far it appears as though 5,000 of these jobs will be shed from the German side of the operation. While the further 10,000 jobs will be cut abroad. Siemens currently has…
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