Siemens' 6B Euro Cost-Cutting Plan
German engineering giant Siemens unveils a 6 billion euro cost-cutting plan, more than expected, as it fights to stay competitive in a weak global economy. Some German media reports suggest up to 10,000 jobs could go. Siemen's chief Peter Loescher wouldn't confirm the numbers, but said job losses were inevitable.
If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Have any comments or questions about our MBT Mid-Day Report videos? Or do you have a video you'd like to see featured in one of our deployments? Email me at Mike.Schmidt@advantagemedia.com.