ramthor

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POPS Seimens 1

by ramthor 7-8-2008

1 hour ago: Peter Loescher, chief executive of German engineering and electronics group Siemens, addresses the company's annual press conference in the southern German city of Munich on July 8, 2008. Siemens unveiled one of its biggest restructuring plans ever, saying 16,750 jobs would be cut worldwide, almost one-third of which would be at home.