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Siemens AG To Cut Additional 1,000 Jobs At Energy Unit-DJ

Monday, 10 Jun 2013 01:27pm EDT 

Dow Jones reported that Siemens AG (SI) will cut an additional 1,000 jobs at its energy division in the coming years, according to German newspaper Frankfurter Allgemeine. In a first step, 340 jobs will be cut at sites in Erlangen and Offenbach in the energy-solutions unit. In the midterm, another 650 jobs will be cut at these sites, while the company creates new jobs in the sector in Korea, the article adds. 

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