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Thursday, August 16, 2018

Siemens Says to Cut About 6,900 Jobs

Posted by November 16, 2017

Siemens plans to cut about 6,900 job in its turbines division, including related services and in large drives, the Munich-based industrial group said on Thursday.

"The power generation industry is experiencing disruption of unprecedented scope and speed," Siemens management board member Lisa Davis said in a statement.

"Today's action follows a nearly three-year effort to right-size the business for this changing marketplace," she added. 

Reporting by Georgina Prodhan and Christoph Steitz

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