Germany's Siemens says to axe about 11,600 jobs
German industrial giant Siemens plans to eliminate about 11,600 jobs around the world as part of a major restructuring, a company spokesman said today. ”These jobs will be cut,” the spokesman said, confirming remarks made by chief executive Joe Kaeser to a conference of investors and analysts in New York. The spokesman said some staff may be redeployed in company ”divisions that will be reinforced,” without providing further details. ”It is not yet clear how many people will be recommended for other positions,” he said, adding that the company was in talks with the works council on the restructuring.
German industrial giant Siemens plans to eliminate about 11,600 jobs around the world as part of a major restructuring, a company spokesman said today. ”These jobs will be cut,” the spokesman said, confirming remarks made by chief executive Joe Kaeser to a conference of investors and analysts in New York. The spokesman said some staff may be redeployed in company ”divisions that will be reinforced,” without providing further details. ”It is not yet clear how many people will be recommended for other positions,” he said, adding that the company was in talks with the works council on the restructuring.
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