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Siemens plans to cut 4% of staff

By Daniel Schäfer in Munich Siemens yesterday announced plans to cut 16,750 jobs worldwide in the next two years to improve its competitiveness, sparking a row with its powerful works council. In a move that could presage an end to traditionally cosy relations between trade unions and managers in Germany, Siemens said it was looking for cuts mainly in administrative jobs. You have viewed your allowance of free articles. If you wish to view more, click the... [read full story]                    

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