Siemens AG to cut 7,000 jobs from Siemens Enterprise Networks
Market sources say that Siemens AG is planning to cut as many as 7,000 jobs from their telecommunications unit Siemens Enterprise Networks.
This would mean that the company would be cutting about 40 percent of the telecom unit’s worldwide work force.
This unit of the company faces intense [...]

Siemens posts a first quarter loss
Siemens AG has come out with their revenue reports and the company has posted its first quarterly loss since 2001.
The company stated that they lost 155 million Euros in this quarter. This is pretty bad compared to profits of 90 million Euros in the same period last year.
Siemens said that [...]