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. 
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