• Monday, May 11th, 2015

5/8/2015 6:04:14 AM

German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers.

The cuts come on top of 7,400 job losses already announced and were unveiled on Thursday alongside a 5 percent drop in first-quarter profit at its industrial businesses.

The trains-to-turbines group currently employs around 340,000 people worldwide, including about 115,000 in Germany where it is one of the country’s biggest employers. 

Read at Reuters
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