Siemens to cut 6,800 jobs

MUNICH, Germany -- Siemens AG, Europe's biggest engineering company, will cut 6,800 jobs at the corporate telecommunications unit after failing to find a buyer for the division. Siemens will eliminate about 3,800 jobs directly, and about 3,000 will be cut by selling factories or setting up partnerships, the company said Tuesday. "We anticipate only minor adjustments in our Hoffman Estates work force, with only a few impacted employees at most," said Siemens spokesman Jacob Rice. About 3,200 jobs are affected in Germany, according to Siemens. It will exit manufacturing sites from Germany to Brazil.