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Germany's Siemens To Ax 7,800 Jobs Globally To Cut Costs - Yahoo News

Munich-based Siemens said in a statement Friday that 3,300 of the job losses will be in Germany. Siemens CEO Joe Kaeser said the cuts http://faustozfcu.soup.io/post/528850925/Belgium-Arrests-Another-Suspect-In-Terrorism-Probe were part of an ongoing restructuring whose aim was to "get the company back on a sustainable growth path and close the profitability gap to our competitors" Siemens said the cuts would save 1 billion euros ($1.14 billion) this year alone that the company could put into growth initiatives url such as research and development. As a result, it said overall head count would remain roughly the same. Siemens had 341,000 employees at year-end in more than 200 countries. Business
More: twitter href='http://news.yahoo.com/germanys-siemens-ax-7-800-105940382.html' >http://news.yahoo.com/germanys-siemens-ax-7-800-105940382.html

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