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Sunday, September 29, 2013

Siemens to cut 15,000 jobs

http://www.marketwatch.com/story/siemens-to-cut-15000-jobs-2013-09-29?link=MW_home_latest_news


The company said this summer that it wouldn’t meet profit targets for the year and, as a result, restructuring has been under discussion.
The reports quote an unidentified spokesman for Siemens as saying that a third of the jobs will be cut in Germany and 10,000 from its overseas operations. 

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