Siemens to cut 2,900 German jobs as part of 500 million euro cost: saving plan

A logo of Siemens is pictured on a building in Mexico City, Mexico, May 16, 2017. REUTERS/Edgard Garrido/Files

FRANKFURT (Reuters) – German engineering group Siemens on Monday said it would cut around 2,900 jobs in Germany as part of a restructuring plan to achieve 500 million euros ($589.60 million) in cost savings. Siemens said the measures were designed to boost the competitiveness of the Power and Gas division and the Process Industries and […]

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