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Munich - Siemens' chief executive said the European giant will cut 11 600 positions as the company reduces costs by about $1.36bn, Bloomberg reported on Friday.
Some 7 600 will be cut through streamlining and the creation of a new divisional structure, and another 4 000 from regional clustering, it reported, citing CEO Joe Kaeser as saying in a webcast conference from New York on Wednesday.
Kaeser said some employees will be assigned other roles, Bloomberg said.
"A certain amount of people do stuff for co-ordinating things, analyzing things," said Kaeser.
"About 20% of those we believe can be put to work elsewhere, but not there. They can be taken out of the system because the work goes away."
Siemens unveiled a long-awaited restructuring earlier this month in a drive to catch up with more profitable competitors.
As part of the overhaul, dubbed "Vision 2020" the company said it was taking out a layer of management by cutting back to nine core divisions, publicly listing its hearing aid business and separating out management of its healthcare business.
