This does not look good at all. Judging by this, it will not be long before we hear about another huge cost cutting layoff at Siemens.
Siemens closes power and gas sites to curb costs
http://www.dw.com/en/siemens-closes-power-and-gas-sites-to-curb-costs/a-43688438
Does anyone else think they are trying to withdraw from U.S. completely? Taking everything back to Germany & India???
“More sites in the US will be closing.”
Any details? Will this happen to all lines of business? For example, will it happen to PLM, say in M---ord?
More layoffs are expected globally beginning Oct. 1, 2018 and into FY18-19.
More sites in the US will be closing.
Q4 will tell the story