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Siemens Could Cut Up To 4,000 Jobs At SEN Unit - Report

Last Update: 2/24/2008 7:41:11 AM

FRANKFURT (Dow Jones)–German industrial conglomerate Siemens AG (SI) plans to
cut 2,000 of the 6,000 jobs at its unit Siemens Enterprise Networks, or SEN, in
Germany, German daily Sueddeutsche Zeitung reports in a prerelease Sunday,
without citing sources.

Some 1,000 endangered jobs are to be saved through restructuring and the sale of
the unit, the paper writes, citing company sources.

Of the 11,500 jobs outside Germany, also around 2,000 could be cut, the report
adds.

Newspaper Web site: www.sueddeutsche.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

(END) Dow Jones Newswires

February 24, 2008 07:40 ET (12:40 GMT)

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