Siemens to cut 1,300 more jobs

MUNICH, Germany : The German electronics giant Siemens plans to cut an additional 1,300 jobs in its ICN fixed telephone networks division on top of the 16,500 already announced, a spokesman said on Wednesday.

Only the day before, Siemens had said it was planning additional job cuts in the ICN division, but it had not provided a concrete number. --AFP.