Siemens Axing 11,600 Jobs, an Industrial Info News Alert

Siemens Axing 11,600 Jobs, an Industrial Info News Alert  GALWAY, IRELAND -- (Marketwired) -- 06/06/14 --  Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Siemens AG (Munich, Germany) is to axe 11,600 jobs in an effort to cut its costs by EUR 1 billion ($1.34 billion). The German engineering giant said that the cuts will form part of its 'Vision 2020' plan.  For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.  Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.  Contact: Joe Govreau 713-783-5147