Siemens rumored to cut off another 5000 jobs

According to report of Financial Times, Siemens, German electronic equipment manufacturer, might cut off another 5000 jobs. this year the company has announced to cut off over 10000 jobs.As telecom network department made loss of US$495.2mln, Siemens decided to speed up business restructuring of the department. The report cited informed sources as saying further job cut will also be carried out in of info-tech service department, which announced to cut off 2000 jobs last week.

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