News Headline Summary

Siemens (SIE GY) lighting unit Orsam to cut another 4,700 jobs by 2014

Update details:

- Earlier in the month it was reported that restructuring of the unit will include thousands of job cuts before it is spun off next year.

Reaction details:

- Co. shares briefly spiked higher by 0.39% from EUR 79.19 to EUR 79.50.

Print 08:56, 30 Nov 2012 - DAX - Source: Newswires