Siemens AG (SI) May Trim Up to 10,000 Jobs in Cost-Cutting Effort
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Siemens AG (NYSE: SI) is looking to identify about 10,000 jobs to cut as it looks to reduce overhead costs in the near term. Those jobs will be identified by the end of FY12.
According to Bloomberg, Siemens has already pinpointed 8,000 positions it plans to eliminate.
Shares are lower in early trading Thursday.
According to Bloomberg, Siemens has already pinpointed 8,000 positions it plans to eliminate.
Shares are lower in early trading Thursday.
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