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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.6 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
900 - 1,200 jobs Number of planned job losses
Announcement Date
21 December 2011
Employment effect (start)
21 December 2011
Foreseen end date
31 December 2013
Description
In December 2011, German electronics and electrical engineering firm Siemens announced to cut 6 to 8 per cent of its global healthcare workforce. The cuts imply that between 900 and 1200 jobs will be lost out of a worldwide workforce of 15,000.
Growth in the diagnostics business area has been slowing down and Siemens has decided to stop making the next generation of linear accelerators, which generate X-rays. More than 100 employees will be affected by this change alone, and these will be transferred to other businesses, according to Siemens' healthcare division finance director Michael Sen.
More than 400 jobs will be lost in Germany alone (see FS 19565).
Sources
21 December 2011: Market Watch/Wall Street Journal
21 December 2011: Reuters
Citation
Eurofound (2011), Siemens, Internal restructuring in World, factsheet number 73258, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73258.
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