Siemens

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Munich, Perlach, Berlin
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
700 jobs
Number of planned job losses
Job loss
Announcement Date
2 June 2005
Employment effect (start)
1 June 2005
Foreseen end date
30 September 2005

Description

Siemens will cut 700 jobs in its fixed-line business in order to cut costs. Management and trade union have agreed that there will be no direct dismissals, as employees will be transferred to other positions within Siemens. In addition to 700 jobs in Germany another 650 will be lost abroad.

Sources

  • 3 June 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Siemens, Internal restructuring in Germany, factsheet number 61700, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61700.