Germany's Siemens to cut over 6,000 jobs worldwide
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Siemens, a German industrial giant, announced plans to cut over 6,000 jobs globally due to weak demand and rising competition in China and Germany.
March 18, 2025 | 5:45 pm
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Siemens plans to cut over 6,000 jobs worldwide due to weak demand and increased competition in China and Germany.
The announcement of significant job cuts is likely to negatively impact Siemens' stock price in the short term as it reflects challenges in demand and competition. Investors may view this as a sign of potential financial strain or strategic restructuring.
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