. >> now ceo joe kaeser has rushed to calm fears, saying the jobs will be affected, but not all of them will cut. he is looking to save siemens one billion euros with a plan called vision 2020. our correspondent chirstoph kober joins us with the deals -- details. what we were hearing earlier about massive job cuts -- now siemens says 11,600 jobs will be affected, not necessarily lost. >> there is an example of poor communication, isn't it? the siemens ceo was in new york during the week, and in a meeting he dropped the figure of more than 1000 -- 11,000 jobs possibly being cut. that stirred up the commotion, and today he began to backpedal, saying the 11,600 positions could be affected by the restructuring of the company that is going on at the moment. siemens is eliminating one entire level of management and administration. how many jobs and positions will actually be cut? that the company does not say at the moment. >> siemens has a lot of workers were presented in its management structure. would it be able to convince them to go ahead with plans that essentially mean big job losses?

we heard from joe kaeser.re. >> you had the earnings come up with this announcement of a complete new strategic reorganization of the company. taking out a whole a rogue bureaucracy. -- a whole level of bureaucracy. the potential bid for alstom, why do they want to do it and what will they get out of it? >> there was some sort of one-sided offer, which we heard about. we would look at -- this is what the board has thought about. when we gave the proposal of what that could look like as a hypothetical case, the board decided to give us four weeks time to do do do legends and do do legendso and decide. -- due diligence and decide. going toknow they are be able to have a good look at the financial books. the other interesting thing, completely squash the idea that any offer could involve a three-way asset breakup, including ge. we do not want to go anywhere near that complexity. this is about simplification. he got into some trouble after meeting vladimir putin after the annexation of crimea. what did he have to

line, joe kaeser wanted to be given the opportunity to have a look and that is what they are doing. they're not going to consider any type of three-way bid with the general electric. >> he came under political pressure in germany when he went to russia after the annexation of crimea. to beela merkel said extremely annoyed about that. he is still on the intent of -- on the agenda for the st. petersburg for him. onthe amount of things going in our organization, the dedication and leadership it takes to get this sorted out in a meaningful and long-term way, this requires me to be here. >> he will have to cancel. righto what i believe is and not what the mainstream says i should be. think the point is, he is not going. vladimir putin is going to be fairly lonely in st. petersburg. much, david so tweed. let's turn to alstrom. bring us up to speed with what we heard this morning. the seo of alstrom is speaking in a press conference. we are not in crisis but we do have the problem with critical mass. are leaving they the door open for unsolicited offers. leaving the door open for siemens t