Reginal Thomas
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Siemens Is Cuitting 11,600 Jobs

Siemens confirmed that 11,600 jobs would be affected by a restructuring planned Chief Executive Joe Kaeser earlier in May, he said not all these jobs would necessarily be cut. A Siemens spokesman said that Kaeser made it clear that the end of the company's sector based structure would affect 7,600 job worldwide. Another 4,000 would be affected from the abolition of country clusters.