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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
New offshoring locations
Not Available
10,000 jobs Number of planned job losses
Announcement Date
15 December 2003
Employment effect (start)
Foreseen end date
Description
Siemens plans to relocate one third of its 30,000 strong workforce in the sector of software development in low wage countries like the new member states of the EU. Thereby, Siemens intends to reduce its costs and to increase its presence in Eastern Europe. Siemens management argues that its competitors are following the same path.
Sources
12 December 2003: Financial Times Deutschland
12 December 2003: Der Standard
Citation
Eurofound (2003), Siemens, Offshoring/Delocalisation in World, factsheet number 59509, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59509.
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