Siemens plans to cut 15,000 jobs worldwide

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Source: Bloomberg
© Scanpix/Reuters
Siemens AG, one of the leading engineering companies in the world, announced around 15,000 job cuts worldwide, as the company is missing its profit estimates. This amount represents about 4% of all Siemens workforce. Company's new CEO Joe Kaeser confirmed that a third of all job positions will be eliminated in Germany. Today Siemens AG shares traded down 1.07% to 89.06 euros in Frankfurt.
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