Source Pravda.Ru

Siemans To Shed 7,000 further Jobs

Siemens, Germany's largest company in the electronics and engineering sectors, will cut over seven thousand industrial services jobs after the unit fell to a second quarter loss. The plan, which includes selling businesses with five thousand people and shedding a further two thousand jobs, will help save more than half a billion euros ($464 million), said a spokeswoman, Sabine Metzner. The Chief Executive Officer Heinrich von Pierer last year already cut twenty thousand jobs to stem losses at the mobile phone and telecommunications networks units. Siemens employs 443,000 people, more than General Motors or the General Electric Company. “Siemens is showing it's serious about its profitability goals,” said Bernd Laux, an analyst at CAI Cheureux, “It's an important signal.”

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Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

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Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia