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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
84 jobs Number of planned job creations
Announcement Date
9 August 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006
Description
On 9 August 2006 US-based IT-network supplier Cisco Systems announced its plans to increase the staff of its German sales department by 20%. No precise number or timeline is given. However, according to Cisco, the personnel of the sales department amounts to 60% of the company's workforce of about 700. About 84 new jobs will thus be created. Cisco Systems reacts on an increasing demand by medium sized enterprises and by corporations of the telecommunication sector in Germany.
Sources
10 August 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Cisco Systems, Business expansion in Germany, factsheet number 63901, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63901.
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