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 (12:22)

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

19 Dec 2012 - 12:19 - Equities - Source: Newswires

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