Germany industry giant and co-owner of wind turbine manufacturer Siemens Gamesa, Siemens, could be facing a reduction of approximately five percent of its workforce, corresponding to approximately 20,000 roles, reports German magazine Manager Magazin.
Earlier in August, CEO Joe Kaeser announced his strategy Vision 2020+, which aims to reduce the number of divisions in the large group the three instead of the current five. According to Manager Magazin, Kaeser announced the dismissals in connection with meetings with several of the company's investors at the beginning of August.
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