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 Siemens mulling 17,000 job cuts

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Thump

Thump


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Join date : 2008-05-13
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PostSubject: Siemens mulling 17,000 job cuts   Siemens mulling 17,000 job cuts Icon_minitimeSat Jun 28, 2008 10:16 am

Siemens mulling 17,000 job cuts - AFP - 24 minutes ago

BERLIN (AFP) - The German conglomerate Siemens is set to announce over 17,000 job cuts worldwide, more than a third of them in Germany, according to press reports on Saturday.
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rockhump

rockhump


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Join date : 2008-05-16

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PostSubject: Siemens cuts   Siemens mulling 17,000 job cuts Icon_minitimeSat Jun 28, 2008 1:00 pm

Yeah, read it yesterday and it was announced internally. Don't think it will affect me and probably will boost the stock price. I suspect the layoffs will be limited ( mainly attrition )and in other areas.
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