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Sancho Panza

Siemens Cuts 15,000 Jobs;5,000 In Germany

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Reuters/Yahoo 29/9/13

'MUNICH, Germany (Reuters) - Siemens is to shed 15,000 jobs over the next year, a third of them in Germany, as part of a 6 billion euro ($8.1 billion) cost cutting program, a spokesman said on Sunday.

Siemens expects to close the current fiscal year on Monday with around 370,000 workers, the same as last year.'

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