Siemens Enterprise Networks

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
6,800 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2008
Employment effect (start)
Foreseen end date

Description

Siemens has announced that it is to cut 6.800 jobs worldwide by selling its telecom unit Siemens Enterprise Networks (SEN), which lost 10 % of its sales in 2007. On 26 Febuary the company confirmed its plans of massive job cuts to make SEN more attractive to buyers. The company said that it has been searching for a potential buyer for more than a year now. The job cuts will affect about 40% of the totoal workforce of Siemens Enterprise Networks. The company said that in Germany, 2.000 jobs will be cut and 1.200 jobs will be relocated to other units owned by Siemens or its company partners. As of March 2008, there is no information on the locations (neither globally not in Germany) affected by the restructuring and when the job cuts will be implemented.

Sources

  • 27 March 2008: Handelsblatt

Citation

Eurofound (2008), Siemens Enterprise Networks, Internal restructuring in World, factsheet number 66362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66362.