1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites
Live TV
Latest audioLatest videos
In focus
Israel-Hamas warUkraineGerman politics

Siemens to Cut 2,500 German Jobs

April 1, 2004
https://p.dw.com/p/4rTC

Siemens AG, Germany's largest engineering company, will cut 2,500 German jobs and another 2,500 people in the country may have to switch jobs or locations, according to Bloomberg News. The measures come as competition from Asia mounts and domestic labor costs hamper investment. Bloomberg reporterd that Siemens has "concrete" relocation plans for its mobile phone, networks and power transmission and distribution units.