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Siemens says to axe about 6,900 jobs


 

 

By Reuters Staff

FRANKFURT
Petroleumworld 11 17 2017

Siemens plans to cut about 6,900 job in its turbines division, including related services and in large drives, the Munich-based industrial group said on Thursday.

“The power generation industry is experiencing disruption of unprecedented scope and speed,” Siemens management board member Lisa Davis said in a statement.

“Today's action follows a nearly three-year effort to right-size the business for this changing marketplace,” she added. ($1 = 0.8480 euros)



Reporting by Georgina Prodhan and Christoph Steitz; Editing by Ludwig Burger de Reuters.

reuters.com 11 16 2017

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