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Siemens to cut up to 1,600 jobs from health care business

by Brendon Nafziger , DOTmed News Associate Editor
Siemens AG could cut as many as 1,600 jobs from its health care business, including up to 8 percent of its diagnostics group, according to reports Wednesday.

In an interview with Swiss newspaper Finanz & Wirtschaft, CFO Michael Sen said the diagnostics group, which makes blood and urine testing systems, had underperformed. He said they would likely cut between 6 and 8 percent of its 15,000 global workforce, according to accounts of the interview given by MarketWatch and Bloomberg.

Story Continues Below Advertisement

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Overall, in the last quarter, growth of new orders and sales in health care was sluggish, and profitability was down, according to the reports.

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