07-05-2015 15:07 via news.yahoo.com

Siemens to cut 4,500 more jobs, keep unprofitable units

By Georgina Prodhan MANNHEIM, Germany (Reuters) - German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers. Chief Executive Joe Kaeser did not say where the new cuts would be geographically. Siemens has to tread carefully cutting jobs in Germany, where trade unions are strong, and it has reduced previously announced job losses by a few hundred. This, combined with the lacklustre quarterly results that m
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