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Germany's Siemens to slash 7800 jobs to save money
German Industrial machinery maker Siemens has said it will slash 7,800 jobs worldwide as part of a restructuring plan aimed at saving almost one billion euros (USD 1.14 billion).
“In a drive to streamline administrative and overhead functions, about 7,800 jobs are to be cut worldwide, including some 3,300 in Germany,” the company said in a statement released on Friday.
Joe Kaeser, the...
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