Siemens

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
130 jobs
Number of planned job losses
Job loss
Announcement Date
28 June 2005
Employment effect (start)
1 July 2005
Foreseen end date
31 December 2005

Description

Siemens is planning to cut 130 jobs in the manufacture of railway contact wires. 30 of the planned job cuts will come through partial retirement. The cuts are largely due to a lower level of orders from German rail operator Deutsche Bahn.

Sources

  • 29 June 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Siemens, Internal restructuring in Germany, factsheet number 61900, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61900.