Deutsche Telekom said on Thursday it would slash 10,000 jobs worldwide at its loss-making IT services subsidiary in the next three years as it seeks €600 million in savings.
Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly
outspoken against the plans.
German industrial conglomerate
Siemens plans to slash thousands of jobs in its power and gas division hit by a drop in orders, a German magazine report said on Thursday.
