Siemens is to cut 6,800 jobs in its corporate telecoms unit SEN as it restructures the division.
Siemens hopes to turn SEN into a software provider and then sell it.
It plans to cut 3,800 jobs worldwide and reduce staff numbers by another 3,000 through the use of outsourcing and partnerships.
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The unit will abandon its manufacturing operations and be transformed "into a software and solutions provider", according to a statement from Siemens.
The jobs represent about 40% of its total headcount.
Of the jobs affected, 3,200 will be in Germany, with the rest spread around sites in Argentina, Brazil, Chile, Colombia, Ecuador, Greece and Peru.
(BBC)
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