Siemens' 15,000 job cuts spare healthcare arm

Siemens ($SI) announced it will slash 15,000 jobs as part of a two-year restructuring program, but, as The Wall Street Journal reports, the German conglomerate's healthcare division will be spared. That's because it already restructured last year, and that effort apparently served as a model for the reorganization now underway within the entire company. Siemens' healthcare arm produces, in part, imaging agents and equipment, as well as diagnostic tests. Story (sub. req.)