Siemens Building Technologies

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
3,500 jobs
Number of planned job losses
Job loss
Announcement Date
25 November 2003
Employment effect (start)
Foreseen end date

Description

Siemens Building Technologies considers to reduce its workforce by some 3500, giving up or selling some of its activities. Among them, the 'Facility Management' division, employing 1500 persons, for which a preliminary agreement has been reached with the German Group Hochtief.

Sources

  • 27 November 2003: Les Echos
  • 25 November 2003: SBT - Press release

Citation

Eurofound (2003), Siemens Building Technologies, Internal restructuring in Germany, factsheet number 59404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59404.