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Technology / AI and automation

SIEMENS POINTS OUT ERRORS IN MAGAZINE ARTICLE

Siemens AG later came up with comments on that magazine report, saying that it contained errors and mistaken formulations: Siemens noted that finance director Karl-Hermann Baumann said in July that Siemens operating profit was likely to decline by 10% to 15% and the magazine’s claim that one third of Siemens’ business was operating at a loss was based on old statements, the company said, adding that the Goldman Sachs report cited by the magazine, that the company should cut another 55,000 jobs, did not reflect job cuts that had already taken place.

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