FRANKFURT (Reuters) – Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager. WirtschaftsWoche said the unit's main production facilities in Erlangen and Offenbach and a plant in Muelheim an der Ruhr would be affected by the cost-cutting drive. Around 140 jobs at Muelheim, where Siemens makes steam turbines, will be cut, the magazine said, citing labor representative sources. A spokesman for the Siemens group declined comment to Reuters. …
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