Siemens Program and System Engineering

Type
Internal restructuring
Country
Austria
Region
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
100 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
1 September 2003
Employment effect (start)
Foreseen end date

Description

Due to the weakness of the telecom market and to the high salaries costs, Program and System Engineering needs to be restructured. The management is currently discussing with the board about solutions (early retirement, part time working, dismissal).

Sources

  • 1 September 2003: Wirtschaftsblatt
  • 4 September 2003: Der Standard

Citation

Eurofound (2003), Siemens Program and System Engineering, Internal restructuring in Austria, factsheet number 59457, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59457.