Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Zaragoza, other locations
Sector
Manufacturing
Manufacture of electrical, electronic and optical products
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products

250 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 July 2003

Description

The market of telecomunications is dealing with a huge crisis. This is why Siemens is to reduce its Spanish staff by 250. Siemens is restrucuting its production chains all around Spain.


Sources

  • 7 July 2003: El PaĆ­s

Citation

Eurofound (2003), Siemens, Internal restructuring in Spain, factsheet number 60147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60147.