, CEO of Siemens Closes Offices and Cuts Jobs as Profits Shrink
Germany-based Siemens AG may be looking forward to closing its offices and cutting of jobs owing to the recent fall in Siemens profits as reports released stated on the 11th of October. The steps of Siemens office closures and job cuts come mainly as a result of the fact that its customers are barring from putting orders for engineering equipment from them owing to the economic crisis in Europe.
