Siemens to Cut Oil and Gas Jobs Amid Wider Hiring
oil and gas, metals and mining sectors - mostly in Germany - while pursuing a hiring drive to boost its digital industrial expertise, it said on Wednesday. Siemens said it would realign its two business units Large Drives and Process Solutions, affecting about 2,000 jobs in Germany, mainly in Bavaria. It added that it would keep its current sites. Worldwide, Siemens said it planned to hire at least 25,000 new employees in each of the coming years, thanks to its announced increase of more than 1 billion euros ($1.1 billion) in research and development, productivity and sales.
Management Shuffle at Atlas Elektronik
Chief Executive Officer of the naval electronics systems provider Atlas Elektronik GmbH, with effect from January 1, 2016. He will succeed Volker Paltzo who will leave the company on December 31, 2015 and take on a new role as Chief Executive Officer of Eurofighter Jagdflugzeug GmbH in Hallbergmoos, Bavaria. In his previous assignment, Rolf Wirtz was Senior Vice President and acted as Head of the business unit “Sensors, Electronic Warfare & Avionics” unit of Airbus Defence and Space and also Head of the Development and Production unit within the Electronics business line. Over
