Germany: SPD leader Schulz slams Siemens' job cuts decision as 'socially regressive'

Leader of Germany's Social Democratic Party (SPD), Martin Schulz, condemned Siemens' announcement of plans to cut some 6,900 jobs worldwide, when speaking at a rally attended by hundreds of Siemens employees in Berlin, Thursday. The rally took place outside the capital's Estrel Hotel, where the executive board of Siemens held a meeting at the same time. Schulz lashed out on Siemens for... Еще «[throwing] out people» in a bid «to have a bit more profit.» He went on to say that the Siemens' decision is «socially regressive.» The SPD leader attended the rally hours ahead of his meeting with Federal President Frank-Walter Steinmeier, following the breakdown in the 'Jamaica' coalition talks. Last week, Siemens announced its plans to cut some 6,900 jobs worldwide, half of them in Germany, due to the plummeting profits.

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