Munich - German electronics giant Siemens AG could face industrial action as the group prepared Tuesday to unveil a tough restructuring plan aimed at slashing 17,000 jobs worldwide.
The announcement by Siemens chief Peter Loescher that the Munich- based group proposes to cut 4 per cent of the group's global 435,000- strong workforce comes as the company struggles to lay aside a far- reaching corruption scandal.
The allegations of corruption, which have rocked the more than 160-year-old company, have already led to several resignations among top management, including former chief executive Klaus Kleinfeld.
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