Siemens to Cut 4,700 Lighting Jobs to Save 1 Billion Euros

Siemens to Cut 4,700 Lighting Jobs to Save 1 Billion Euros

Chris Ratcliffe/Bloomberg

The job cuts, which are focused primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal 2012, the company said today in a statement. In total,