Siemens

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
13,500 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2002
Employment effect (start)
Foreseen end date

Description

7.000 out of 30.000 jobs will be cut in the Industry solutions & services division, in which 2.000 outplacements or early retirements ; 2/3 of the layoffs expected in Germany). 6.500 jobs axed in the Information and Communication Network.

Citation

Eurofound (2002), Siemens, Internal restructuring in World, factsheet number 60003, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60003.