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Boeing cut 4000 jobs

The US aircraft manufacturer Boeing plans to cut about 4000 employees until mid-2016 in attempt to reduce production expenses and improve the liquidity of the balance sheet. At this point the company did not envisage…


Siemens

Siemens cut over 1000 employees in Germany

The German industrial conglomerate Siemens cut or moved to other countries over 1000 employees, who are working in divisions dealing with production of equipment for drilling and mining companies in Germany. The sector is suffering…