Siemens Could Slash Another 15,000 Jobs

Workers fear more fallout from corruption scandals at the German engineering giant

Scandal-plagued German multinational Siemens is reportedly preparing to cut 15,000 jobs — a far higher number than previously mentioned in the engineering and electronic giant's restructuring plans. Citing unnamed employee-representative sources, German financial daily Handelsblatt reported Wednesday that the company was planning large cuts in its sales and administrative divisions.

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