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Old testament

7 May 2015 By Olaf Storbeck

Reinventing the lacklustre engineer is taking a long time. Siemens’ industrial profit fell by 5 pct to 1.7 bln euros in its second quarter. CEO Joe Kaeser is stepping up cost-cutting by slashing another 4,500 jobs. But it looks like 2015 may be another lost year. 

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