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
650 jobs Number of planned job losses
Announcement Date
14 December 2010
Employment effect (start)
Foreseen end date
Description
On 14 December 2010, Siemens IT Solutions and Services announced a plan to cut 650 jobs in Germany. Job cuts are part of the company's restructuring programme. Siemens wants to form a global strategic partnership with Atos Origin. Integrating both businesses and realising synergies will lead to a total loss of 1750 jobs in Europe (see Factsheet 16493). Siemens will contribute up to €250 million to the integration and training costs. However, the deal is to be closed by July 2011. Until then, consultations with the Working Council of Atos Origin are still to be held, the approval of the Antitrust and the Atos Origin Shareholders to be gained.
Sources
16 December 2010: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2010), Siemens IT Solutions and Services, Merger/Acquisition in Germany, factsheet number 71331, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71331.
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