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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
300 jobs Number of planned job losses
Announcement Date
22 July 2009
Employment effect (start)
Foreseen end date
Description
On 22 July 2009, Siemens announced its plans to cut 300 jobs worldwide in its business segment building technologies. Around 120 jobs are to be cut in Germany. The "Fire Safety & Security Products" section is to be reorganised and its headquarters to be moved from Karlsruhe (Germany) to Sweden. Another 180 jobs are to be lost outside Germany. Siemens employed around 42,800 employees worldwide in 2008. First talks on the current restructuring were held with employee representatives. The timeline for the restructuring process has so far not been announced.
Sources
22 July 2009: Financial Times Deutschland
Citation
Eurofound (2009), Siemens, Internal restructuring in World, factsheet number 69309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69309.
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