Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
All around Spain, specially in Zaragoza
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

250 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 July 2003

Description

The market of telecomunications is dealing with a huge crisis. This is why Siemens is to reduce its Spanish staff by 250. Siemens is restrucuting its production chains all around Spain.


Sources

  • 7 July 2003: El PaĆ­s

Citation

Eurofound (2003), Siemens, Internal restructuring in Spain, factsheet number 60147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60147.