Siemens to Cut Over 7,000 Jobs

(Reuters) - German industrial group Siemens (SIEGn.DE) plans to cut over 7,000 jobs worldwide as part of a reorganization under Chief Executive Joe Kaeser, a source familiar with the situation said.

About 3,000 of those jobs will be in Germany, the source said on Thursday.

Siemens, which had been expected to announce as many as 10,000 job cuts on Friday, declined to comment.

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