Siemens cut 2500 jobs in industrial division

GMT 16:19 2016 Wednesday ,09 March

Arab Today, arab today Siemens cut 2500 jobs in industrial division

Berlin - Arab Today

German engineering giant Siemens said Wednesday it would slash 2,500 jobs from its industrial division in a reorganisation to cope with a slump in the oil and gas as well as metals and mining sectors.

"A total of about 2,500 jobs worldwide -- of which 2,000 are in Germany, primarily in Bavaria -- will be affected by the realignment" of the group's process industries and drives (PD) division, it said in a statement. 

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