Siemens plans to cut further 4,500 jobs worldwide May 7, 2015 - 12:17 AMT PanARMENIAN.Net - Industrial conglomerate Siemens AG says it plans to cut a further 4,500 jobs worldwide as part of a cost-cutting drive, the Associated Press reports. Siemens said Thursday, May 7, that around 2,200 of the jobs are expected to go in Germany, where it is based. It follows an announcement in February that the company would cut some 7,800 jobs. The company didn't give a timeframe for the new round of cuts. Siemens had 341,000 employees at the end of last year in more than 200 countries. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
