The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
1,000 jobs Number of planned job losses
Announcement Date
21 May 2004
Employment effect (start)
Foreseen end date
30 September 2004
Description
On May 2004, SBS, a subsidiary of the Siemens group specialised in IT services, is reported to be planning to cut over 1,000 jobs in Germany. In the area of training and services, 300 jobs are to be contracted out, while a redundancy scheme will provide for 700 job cuts by the end of the 2004/05 financial year. The reason for the planned job cuts is that the company needs to improve its profit. Negotiations between the management and the staff council are reported to have lasted a long time, but have been conclusive.
Sources
21 May 2004: Financial Times Deutschland
Citation
Eurofound (2004), Siemens Business Services (SBS), Internal restructuring in Germany, factsheet number 58966, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58966.
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