By Armen Hareyan on 2008-02-26 
The German electronics firm Siemens is to scrap 6800 jobs in its subsidiary, SEN. SEN, which makes telecommunications systems for large companies, has been hit hard by the rise of internet telephony.
Out of 3800 jobs Siemens will cut 3200 jobs in Germany. The remaining jobs will be cut at locations in Argentina, Brazil, Chile, Colombia, Peru and Ecuador. Siemens, which wants to sell SEN, is hoping that the restructuring will raise the subsidiary's asking price.
Source: Radio Netherlands
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