Siemens to Cut 1,000 Jobs from Communications Unit
Joni Morse writes on RCR Wireless News:
Siemens AG announced plans to cut about 1,000 jobs in Germany from its largest division, Communications. The wireless and wireline telecommunications equipment unit has struggled to rake in profits in the face of biting competition that has forced equipment vendors to lower their prices.More here.
During the first half of fiscal 2006, Siemens laid off 1,500 employees. The latest reduction in work force amounts to approximately 2 percent of Com’s 54,500 employees.
posted by Fergie @ 4/28/2006 11:14:00 AM
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