Siemens sees telecoms restructuring charge in Q4


FRANKFURT July 24 (Reuters) - German industrial giant Siemens AG said on Wednesday it expected to take a restructuring charge in the triple digit millions of euros in the fourth quarter to cover losses at its ICN telecoms networks unit. "We took 45 million in Q3, we expect here in Q4 further costs in a three-digit million euro range," Chief Financial Officer Heinz-Joachim Neubuerger said in a conference call. He added that the total charge in the third and fourth quarters may be less ...

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