As per the news, Siemens plans to announce that may go for up to 7,000 job-cuts, or 40 percent of the workers in its troubled business telecommunications unit in Germany and Brazil.
According to the news, the top rung of Siemens is expected to announce plans to cut up to 4,000 jobs in the unit, which employs 17,500, and advise the worker representatives that a further 3,000 jobs could be transferred into ventures with new business partners.
The layoffs could occur in Leipzig, Germany, and in Brazil, where Siemens has factories that produce phones and corporate communications networks, the person said. About half of the 4,000 layoffs will be in Germany, this person added. | Table of Contents |
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