Siemens Mobile

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products
2,300 jobs
Number of planned job losses
Job loss
Announcement Date
30 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2004

Description

Due to the weakness of the mobile phone market, Siemens mobile decided to suppress 2,300 jobs (from which 500 in Germany). The aim is to reduce the costs by 1 billion euros during the twelve next months.

Sources

  • 30 July 2003: Siemens Mobile Press releases (www.siemens-mobile.com)
  • 30 July 2003: Financial Times Deutschland

Citation

Eurofound (2003), Siemens Mobile, Internal restructuring in European Union, factsheet number 60078, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60078.