|By Marketwired .||
|June 6, 2014 06:30 AM EDT||
GALWAY, IRELAND -- (Marketwired) -- 06/06/14 -- Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Siemens AG (Munich, Germany) is to axe 11,600 jobs in an effort to cut its costs by EUR 1 billion ($1.34 billion). The German engineering giant said that the cuts will form part of its 'Vision 2020' plan.
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