Siemens to cut 500 to 600 jobs in Germany

06 Feb, 2004

German engineering group Siemens said on Thursday it would cut 500 to 600 manufacturing jobs in Germany at ailing telecoms equipment unit ICN to move production to a lower-cost region, possibly China.
The jobs to be cut are at a plant that makes Internet access devices for high-speed broadband DSL modems in the town of Bruchsal in Germany's southern Baden-Wuerttemberg region.

Read Comments