Siemens to cut jobs in Germany

German engineering firm Siemens is cutting 2,000 jobs at its mobile phone production site in Germany.

The company decided not to renew the workers’ temporary contracts at the Liepzig site due to the slowing growth in the sales of mobile phone sales.

Siemens claimed the job losses would be spread across the financial year.

Last year, the company took up significant numbers of extra production staff to cope with booming demand from telecoms operators offering customers heavily subsidised handsets as part of pre-paid calls.

www.siemens.com

By Karen Higginbottom. Click here to respond