Citizens For A Better Norwood

Tuesday, July 08, 2008

Enquirer: Siemens to cut workforce

Two readers, almost simultaneously, just alerted us to this morning’s Enquirer article stating that German industrial conglomerate Siemens AG will cut about 4 percent of its workforce because of the global economic turndown. The company says about 16,750 jobs will be trimmed worldwide with 12,600 of those jobs in administration.

One of Siemens divisions, Siemens Energy and Automation at 4620 Forest Avenue in Norwood, employs about 400 people. This article on the Siemens website describes the $30 million renovation that was completed at the Norwood facility in December last year. We hope the Business Courier will take the suggestion one of two readers sent them and do an article on how, if at all, Norwood will be affected by the workforce cut.