Siemens – To cut 6,900 jobs worldwide

German industrial group Siemens has announced plans to cut around 6,900 jobs worldwide mostly in its fossil fuels division.

It said global demand for large turbines produced by its power and gas division had fallen dramatically.

Half of the jobs will be lost in Germany, while 1,100 will go in the rest of Europe and 1,800 in the US.

Chosen excerpts by Job Market Monitor. Read the whole story at Siemens to cut 6,900 jobs worldwide – BBC News