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Siemens Plans to Cut 7,800 Jobs in Part of Ongoing Restructuring
2015-02-07 00:56:50| Industrial Machines - Topix.net
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Lexington-based Synta to cut 20 percent of workforce and consolidate lab space
2015-02-06 19:32:24| Biotech - Topix.net
Lexington biotech Synta Pharmaceuticals has announced plans to eliminate 20 percent of its workforce as it slims down to focus on two potential cancer drugs.
Germany's Siemens to ax 7,800 jobs globally to cut costs
2015-02-06 13:30:04| Telecom - Topix.net
Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Siemens CEO Joe Kaeser said the cuts were part of an ongoing restructuring whose aim was to "get the company back on a sustainable growth path and close the profitability gap to our competitors" Siemens said the cuts would save 1 billion euros this year alone that the company could put into growth initiatives such as research and development.
Germany's Siemens to ax 7,800 jobs globally to cut costs
2015-02-06 13:12:47| Industrial Machines - Topix.net
Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Siemens CEO Joe Kaeser said the cuts were part of an ongoing restructuring whose aim was to "get the company back on a sustainable growth path and close the profitability gap to our competitors" Siemens said the cuts would save 1 billion euros this year alone that the company could put into growth initiatives such as research and development.
Pratt says growth in F-35 production will help cut costs
2015-02-06 04:58:37| Industrial Machines - Topix.net
The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official with enginemaker Pratt & Whitney, a unit of United Technologies Corp , said Thursday. Bennett Croswell, president of Pratt's military engines division, said the company had submitted a proposal for the ninth and tenth batches of engines to the F-35 program office, and he hoped to sign those agreements by the end of 2015.
Tags: costs
production
growth
cut
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