Siemens Announces Restructuring of Wireline Business

Siemens announced a corporate restructuring aimed at strengthening the competitiveness of its wireline business. The company said it would be increasing its focus on growth areas such as VoIP, Ethernet Access, applications and services for broadband networks or Home Entertainment. The restructuring is expected to affect some 600 jobs in Germany and 650 jobs overseas, although Siemens seeks to transfer the affected employees within the company wherever possible.
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