Siemens AG to Cut Fewer German Jobs Than Planned

Siemens will cut "noticeably" fewer jobs in Germany than planned as orders have improved and compromises were reached in labour talks, Handelsblatt reported citing sources close to the negotiations.

Compromise had become possible at some of the German industrial company's sites that reached internal cost targets, the daily newspaper said, citing industry sources, in a summary of an article to be published on Wednesday.

Siemens said talks were still ongoing and declined to comment further.

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