While Loescher said redundancies are not the main focus, Siemens has identified about 8,000 potential cuts globally, and the number that may reach 10,000 by year-end, a person familiar with the plan said. The reductions are the result of a global effort by regional managers to comb through operations and find overlaps in administration worldwide, said the person, who asked not to be identified because the plans are private.
But the UE percentage is down and UE claims are down as well...Its a Global party folks!
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