Posted AT 12:22 PM EDT on 02/07/08
Siemens to cut an unspecified number of jobs
FRANKFURT — German industrial conglomerate Siemens AG said Wednesday the company planned to cut jobs as a result of the current economic downturn, but didn't specify the number of affected positions.
Media reports previously said the company would slash up to 4 per cent of its work force worldwide, or about 17,200 jobs. Of that figure, some 6,400 jobs in Germany are reportedly under threat.
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