Siemens to slash nearly 2,000 jobs
German conglomerate Siemens has planned to slash close to 2,000 jobs at its various divisions in Germany as part of restructuring measures.
These measures are reportedly being taken due to the decline in the market for certain products.
According to the German company, as many as 1,140 jobs could be eliminated till the year end at its Drive Technologies Division. “By the end of 2012, a total of roughly 840 jobs at the Division’s location in Bad Neustadt an der Saale (Germany) are to be cut,” it announced.
Further in a statement, it added, “At the Division’s Erlangen (Germany) location, some 300 jobs are to be eliminated.”
Another 850 jobs would be slashed at the Industry Solutions Division.







