Mexican Media Brands
Siemens May Cut Thousands of Jobs
Siemens AG is in the early stages of formulating a plan to shed thousands of employees because of Europe's deteriorating economy, Boersen Zeitung reports.
#workforcedevelopment #economics
Share
Siemens AG is in the early stages of formulating a plan to shed thousands of employees because of Europe's deteriorating economy, Boersen Zeitung reports.
The cuts could be announced in October or November, according to the Frankfurt-based financial daily, which did not cite its sources.
Siemens disclosed in late July that new orders fell 23% year on year to €17.8 billion in the April-June period. The company warned it would have difficulty meeting its full-year goals. Siemens said it planned to reduce costs, boost productivity and increase efficiency but has not provided details.
The company has 410,000 employees, including 129,000 workers in Germany.
RELATED CONTENT
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
VW, the Future & the End of “Conventional” Jobs
"In order to become a global provider of sustainable mobility, we are pressing ahead with future projects such as electromobility, digital connectivity and new mobility services, equipped with the necessary resolve and financing.”
-
on Plenty of Things about Volkswagen & Other Topics, Too
On VW’s Project Trinity, transformation of product development and the interior of the ID.Buzz; new buses of interest; carbon fiber for wheels and accessories (non-automotive); and Aston Martin’s EV battery