BERLINGermanys Siemens AG on Thursday said it would cut 6,900 jobs world-wide as it wrestles with a sharp slowdown in the power-plant industry, the latest restructuring move by a global industrial giant.
The move, which involves the company consolidating three of its core businesses, affects its power-and-gas division, power-generation services division and process industries and drives division. Half of the job cuts will be in Germany, likely angering labor unions.
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