Siemens / Process Industries and DrivesJob cuts under wraps
In March, Siemens announced its intention to cut 2,000 jobs across Germany in the Process Industry and Drives division. The final figures have now been finalized - slightly less than initially announced.
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<p>Siemens justifies the cutbacks primarily with the slump in demand in the oil and gas industry, which is causing price pressure and a lack of capacity utilization at the plants.</p> © Siemens AG