Germany's Siemens says to axe about 11,600 jobs

Frankfurt, May 30 (AFP) German industrial giant Siemens plans to eliminate about 11,600 jobs around the world as part of a major restructuring, a company spokesman said today.`

"These jobs will be cut," the spokesman said, confirming remarks made by chief executive Joe Kaeser to a conference of investors and analysts in New York.

The spokesman said some staff may be redeployed in company "divisions that will be reinforced," without providing further details.