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Updated Saturday, March 20, 2010 3:43 pm TWN, AP

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Siemens to cut 4,200 jobs at IT Solutions and Services: Acting CEO

BERLIN -- German industrial conglomerate Siemens AG said Thursday it will cut 4,200 jobs worldwide at its information technology unit as it restructures the business. The company wants to put Siemens IT Solutions and Services, or SIS, “on a solid long-term foundation,” said the business's acting chief executive, Christian Oecking.

The plan calls for the job cuts — out of a current workforce of 35,000 — to be made “by 2011,” Siemens said in a statement. About 2,000 of the job cuts will come in Germany.

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