Siemens To Cut 15,000 Jobs Worldwide By End Of 2014

Several stories.

From Reuters: a third of them in Germany, as part of a $8.1 billion cost cutting program

From The Wall Street Journal: about half the total number will be those cuts completed by September 30, 2013, the end of the company's fiscal year; the other half (about 7,500) will be through September 30, 2014.

The Wall Street Journal article is much more comprehensive in its scope of reporting. I was surprised to see how a) little Reuters actually reported; b) how Reuters seemed to sugar-coat issues with the unions; and, c) the fact that Reuters conveniently failed to mention that Siemens made wind turbines.

This, for example was reported by The Wall Street Journal but not mentioned in the Reuters article:

The company's profits have been hit by a number of mishaps, including delays in completing wind-farm projects in the North Sea and delivering high-speed trains to the German railway. The company jettisoned its loss-making solar-power business and plans to sell other units such as airport luggage systems, water technologies, and mail automation. 

I believe Siemens is best known to some Americans because they see Siemens as a wind energy company. Obviously that is not accurate, but that's how a lot of Americans see Siemens.

This was the extent of the ABC News article:

The Munich-based company has around 370,000 employees and makes a wide range of industrial machinery, including trains, power generators and transmission equipment, and medical scanners.

Not one mention of wind.

MarketWatch mentioned even less.  

In both the Bloomberg article and The Wall Street Journal article, references to GE were made, but no mention was made of GE's increasing shift from wind to the oil and gas industry.