Siemens sees potential for 20,000 job cuts at its as part of its “Vision 2020” strategy

German engineering giant Siemens sees a potential for 20,000 job cuts at its as part of its “Vision 2020” strategy, Manager Magazin said in its online edition on Thursday, reports Reuters.

The cost savings will come from slimming down administrative costs in personnel, legal, finance and at its shared services division, Chief Executive Joe Kaeser told investors at a roadhow at the beginning of August, Manager Magazin reported.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Le Méridien Dhaka to celebrate Victory Day of Bangladesh with Bijoy Mela,  traditional haat, photography
Samsung wins consecutive Best Brand Award
Anurag Kashyap shoots Kubra Saith 7 times nude and made her cry for frontal nudity scene [Video]
Pornography viewing could be affecting men’s sex lives
Samsung brings Galaxy M30s with formidable 6,000mAh battery

Advertisement

News of the Month

Scroll Up
%d bloggers like this: