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Germany's Siemens to slash 15,000 jobs over next year
A Siemens employee works on a rotor of a gas turbine in a plant in Berlin
The German powerhouse in electronics and electrical engineering, Siemens AG, is planning to axe 15,000 jobs over the next year as the economic crisis in Europe continues to worsen.
“The ongoing and planned workforce adjustments in the context of Siemens 2014 are about 15,000 positions worldwide, of which about 5,000 are in...