Siemens (SI) is reportedly in talks about cutting thousands of jobs due to the weak economy,...

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI) is reportedly in talks about cutting thousands of jobs due to the weak economy, especially in Europe. The conglomerate, which recently warned that its FY goals will be difficult to achieve, will make any decisions in the autumn. Siemens has over the last 15 months been on a hiring spree, increasing employee numbers by 23,000.