Siemens' new CEO riles labor reps with news of job cuts

MUNICH/FRANKFURT (Reuters) - Weekend news of 15,000 job cuts at Germany's Siemens has put the German engineering group's new chief executive, Joe Kaeser, on a collision course with workers' representatives only two months after he took the helm. "We oppose a margin-driven job-cutting program. Siemens needs a sustainable and future-oriented program that focuses on people and not just on margins," works council chief Lothar Adler said on Monday. Siemens, Germany's second-biggest company by market value, aims to save 6 billion euros ($8. ...

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