SiemensJob cuts at 'Process Industries and Drives'
The increasing intensity of competition in the oil & gas, metals and mining sectors is forcing Siemens to reorganize its capacities in the process industry and drives. In Germany, 2,000 jobs are being cut as a result.
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<p>According to Siemens, the slump in growth on the raw materials markets has led to a considerable increase in competition, particularly from Asia.</p> © Siemens