Siemens plans to cut up to 11,600 jobs worldwide
German conglomerate Siemens is planning to cut up to 11,600 jobs as part of a major reorganisation of its business.
The restructuring directly affects 7,600 jobs worldwide, with another 4,000 at risk as Siemens abolishes its separate country divisions.
However a company spokesman said: "Removing jobs in one area does not necessarily have to mean job cuts."
Some staff may be redeployed and Siemens is holding talks on the plans with its works council.
The company is reorganising itself into nine divisions from its current 16.
It intends to cut annual group costs by 1bn euros ($1.4bn) from 2016.
The latest job cuts will come on top of 15,000 posts already earmarked for closure.
Siemens said in its latest company report earlier this month that it expected its markets "to remain challenging in fiscal 2014" with a recovery not expected until later that year.
Rival suitors
Siemens is keen to buy part of France's Alstom.
To do that, it will have to come up with a more attractive bid than US-based General Electric (GE), which is pushing hard to do a deal with the French industrial firm.
To sweeten its approach, GE recently promised to create 1,000 jobs in France.bbc
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