Siemens says 11,600 jobs affected by restructuring

MUNICH, May 30: German conglomerate Siemens  confirmed on Friday that some 11,600 jobs would be affected by a restructuring unveiled by Chief Executive Joe Kaeser earlier this month, but said not all of these positions would necessarily be cut. In an emailed statement, a Siemens spokesman acknowledged that Kaeser had made clear at a conference in New York on Thursday that the end of the company's sector-based structure would affect 7,600 jobs worldwide.
    — Reuters