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
6,800 jobs Number of planned job losses
Announcement Date
27 February 2008
Employment effect (start)
Foreseen end date
Description
Siemens has announced that it is to cut 6.800 jobs worldwide by selling its telecom unit Siemens Enterprise Networks (SEN), which lost 10 % of its sales in 2007. On 26 Febuary the company confirmed its plans of massive job cuts to make SEN more attractive to buyers. The company said that it has been searching for a potential buyer for more than a year now. The job cuts will affect about 40% of the totoal workforce of Siemens Enterprise Networks. The company said that in Germany, 2.000 jobs will be cut and 1.200 jobs will be relocated to other units owned by Siemens or its company partners. As of March 2008, there is no information on the locations (neither globally not in Germany) affected by the restructuring and when the job cuts will be implemented.
Sources
27 March 2008: Handelsblatt
Citation
Eurofound (2008), Siemens Enterprise Networks, Internal restructuring in World, factsheet number 66362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66362.
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