Siemens hopes job cuts will close profit gap with GE and ABB
- 11 years ago
Siemens is to cut the jobs of 15,000 people over the next year.
A third of those are in its industrial, energy and infrastructure businesses in Germany.
It is part of a six billion euro cost cutting programme at Europe's biggest engineering firm.
Siemens is anxious to close the gap with more profitable rivals such as US-based General Electric and Switzerland's ABB.
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http://www.euronews.net/
A third of those are in its industrial, energy and infrastructure businesses in Germany.
It is part of a six billion euro cost cutting programme at Europe's biggest engineering firm.
Siemens is anxious to close the gap with more profitable rivals such as US-based General Electric and Switzerland's ABB.
...
http://www.euronews.net/