Siemens to slice nearly 17,000 jobs
July 8, 2008
Siemens AG announced Tuesday it plans to cut approximately 16,750 jobs, or 4.2 percent of its worldwide work force, to save on operations and cut roughly $2 billion in cost. The job cuts are the result of a slowing economy, according to the Germany-based technology company.
All About Siemens A G ADR
NYSE: SI
CEO: Dr.-Ing. Heinrich Heisinger, 48
Industry: Technology
