News Headline Summary

Siemens (SIE GY) to cut 1100 jobs in Fossil, oil & gas units

- Job cuts to take place in Germany
- part of the Siemens 2014 "Efficiency" program

Reaction details:

Co. shares unmoved in immediate reaction, traded last EUR 83.29.

Print 12:21, 19 Dec 2012 - DAX - Source: Newswires