News Headline Summary

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

Reaction details (09:58)

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

Analysis details (10:00)

- 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.

30 Nov 2012 - 09:56 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: