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Siemens to slash a further 4,500 jobs
2015-05-07 18:30:59| Telecom - Topix.net
German engineering giant Siemens AG announced on Thursday an additional 4,500 job cuts world-wide, targeting its embattled power and gas division and a group of underperforming businesses it hopes to turn around. The new cuts--roughly 2,200 of which are expected to be in Germany--come just months after Siemens said it would reduce its global head count by 7,800, a number it brought down to 7,400 following labor negotiations.
Siemens to cut 4,500 jobs worldwide
2015-05-07 10:18:02| BBC News | Business | UK Edition
German electronics giant Siemens plans to cut 4,500 jobs - 1% of its global workforce - as it misses profit forecasts.
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siemens
Siemens slashes more jobs
2015-05-07 10:14:46| Telecom - Topix.net
German engineering giant Siemens said on Thursday that it would slash an additional 4 500 jobs worldwide, on top of 7 800 cuts announced in February as part of an ongoing restructuring plan. Some 2 200 of the latest job cuts will be in Germany, said the Munich-based firm that employs more than 300 000 people in all.
Siemens cuts another 4,500 jobs as oil decline burdens profit
2015-05-07 08:48:09| Industrial Machines - Topix.net
Siemens, Europe's largest engineering company, will cut another 4,500 jobs after second-quarter profit fell more than estimated by analysts, burdened by the declining oil price. Profit from so-called industrial operations fell 4.9 per cent to 1.66 billion euros, the Munich-based company said in a statement.
Siemens net profit surges, driven by asset sale
2015-05-07 08:48:07| Industrial Machines - Topix.net
German engineering giant Siemens AG reported a surge in net profit for the second quarter of 2015, driven largely by gains it booked from the sale of its stake in a household appliances joint venture with Robert Bosch GmbH and the disposal of its hearing aid unit and hospital information business. Net profit for the period ended March 31 was EUR3.89 billion compared with EUR1.12 billion during the same period last year, beating analysts' expectations.
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