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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
400 - 600 jobs Number of planned job losses
Announcement Date
10 November 2011
Employment effect (start)
10 November 2011
Foreseen end date
31 December 2013
Description
As announced on December 21st, 2011, German electronics and electrical engineering multinational Siemens announced job cuts in its Healthcare Division affecting 400 to 600 people. Worldwide, up to 1,000 employees may be affected by job cuts.
On November 10th, 2011 Siemens had announced a job reduction concerning 500 employees. The now announced numbers are the specification of these plans. The cuts are part of Siemens's new strategic programme called "Agenda 2013", which is said to be a reaction to the difficult economic situation in the sector.
Sources
11 November 2011: Financial Times Deutschland
22 December 2011: Frankfurter Allgemeine Zeitung
21 December 2011: Handelsblatt (online version)
Citation
Eurofound (2011), Siemens, Internal restructuring in Germany, factsheet number 72723, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72723.
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