Engineering giant Siemens to cut as many as 15K jobs worldwide
Reports company wants to cut 5,000 jobs in Germany, another 10,000 positions abroad
BERLIN—German engineering company Siemens says it will cut up to 15,000 jobs worldwide by the end of 2014.
German news agency dpa reported the company wants to cut 5,000 jobs in Germany and another 10,000 jobs abroad.
A Siemens spokesperson, whose name was not given, told dpa that the cutbacks will not necessarily mean that all the workers will lose their jobs, since some could be transferred to other departments.
Siemens could not immediately be reached for comment.
The Munich-based company has around 370,000 employees and makes a wide range of industrial machinery, including trains, power generators and transmission equipment, and medical scanners.