Money - International
Germany’s Siemens says to cut 2,700 jobs worldwide
Tuesday, 18 Jun 2019 11:47 PM MYT
FRANKFURT, June 18 — Industrial conglomerate Siemens said today it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, "over several years”.
The division — set for a stock market flotation in 2020 — "will ... require further savings of €500 million” (RM2.33 billion) on top of 7,000 jobs cuts and site closures already announced, the group said in a statement. — AFP
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