Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 22 July 2009, Siemens announced its plans to cut 120 jobs in its business segment building technologies. The department "Fire Safety & Security Products" was to be reorganised whose main products include: fire alarms and other alarm devices. Headquarters of the mentioned department is to move from Karlsruhe (Germany) to Sweden. 120 jobs are to be lost in Germany. Another 180 jobs are to be lost outside Germany. Siemens employed around 13,300 employees in Germany in 2008. In the current case, first talks with employee representatives were held. No timelines for the restructuring process were announced.
Eurofound (2009), Siemens, Internal restructuring in Germany, factsheet number 69308, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69308.