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
1,000 jobs Number of planned job losses
Announcement Date
3 February 2005
Employment effect (start)
3 February 2005
Foreseen end date
30 September 2005
Description
Siemens has informed staff councils that around 1,000 jobs will be lost in its service subsidiary, SBS, by the end of the current financial year on 30 September 2005. A company spokesperson refused to confirm the figures but admitted that negotiations were needed to adjust the use of capacity in the loss-making subsidiary. Trade union IG Metall has criticised Siemens for not being forward-thinking in its plans for the division, pointing out that SBS has already undergone massive personnel changes and job losses in the past few years. Siemens has bemoaned falling demand in the market for IT solutions in Germany. Jobs are most likely to be lost in computer maintenance.
Sources
3 February 2005: Financial Times Deutschland
Citation
Eurofound (2005), Siemens Business Services (SBS), Internal restructuring in Germany, factsheet number 61185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61185.
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