Siemens sets aside 3-digit million eur sum for job cuts

BERLIN Thu Nov 8, 2012 7:07am EST

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BERLIN (Reuters) - Siemens has already set aside a sum in the hundreds of millions of euros for severance payments as part of its new 6 billion-euro ($7.65 billion) cost-cutting program, its finance chief Joe Kaeser said.

(Reporting by Maria Sheahan)

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