German giant brings jobs HERE

GERMAN manufacturing giant Siemens vowed to press ahead with expansion plans in Britain while at the same time slashing thousands of jobs in mainland Europe including in its home country.

Siemens said it remained committed to its plans for a new £35million state-ofthe-art factory in the UK despite a major overhaul of its global business. The company is cutting nearly 7,000 jobs, including around 3,000 in Germany, but the move will not derail its investment in Lincoln, where 1,500 of the company’s 15,000 British staff are based.

Mark Speed, a UK executive at Siemens, said: ‘It continues to be business as usual.’