Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager.
WirtschaftsWoche said the unit’s main production facilities in Erlangen and Offenbach and a plant in Muelheim an der Ruhr would be affected by the cost-cutting drive.
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Source: Siemens to cut 1,700 jobs in energy operations: Report – Economic Times.
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