Source: Tanjug | Sunday, 19.11.2017.| 20:08
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Siemens to lay off 6,900 workers globally, primarily in Germany

(Photo: Suzana Obradović)
The German industrial conglomerate Siemens has announced the cancelation of 6,900 jobs across the globe as a response to the changes taking place in the sector of energy, Tanjug reports.

Nearly a half of the announced layoffs will be realized in Germany, says the company’s press release, as reported by CNBC.

– The cuts are necessary to ensure that our expertise in power-plant technology, generators and large electrical motors stays competitive over the long term. That's the goal behind the measures we're taking – said Janina Kugel, Siemens' chief human resources officer managing board member.

The shares of Siemens, which employs 372,000 people globally, changed only slightly following the news.

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