Siemens to Cut 11,600 Jobs as Company Streamlines

Siemens to Cut 11,600 Jobs as Company Streamlines Play

May 30 (Bloomberg) -- Siemens CEO said Europe’s largest engineering company will eliminate at least 11,600 positions as it cuts about 1 billion euros ($1.34 billion) in costs. Hans Nichols reports on Bloomberg Television's "Countdown." (Source: Bloomberg)

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