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
2,900 jobs Number of planned job losses
Announcement Date
11 April 2013
Employment effect (start)
12 April 2013
Foreseen end date
31 December 2014
Description
German multinational Siemens announced the cut of 2,900 jobs in its industry divisions in Germany. This is due to falling demand. Siemens plans to close two of its four mechanical drives factories,; this is going to result in 500 job losses. 200 additional jobs shall be offshored to the Czech Republic (Siemens- CZ2013). The remaining job cuts affect administration (500 jobs) and sales (1,700 jobs). Worldwide, Siemens aims to reduce workforce by 3,000 and save 6 billion euros (planned before the end of 2014). For further information see Siemens Industry Sector 2013 and Siemens2012.
Sources
11 April 2013: Bloomberg (online)
Citation
Eurofound (2013), Siemens Industry Sector, Internal restructuring in Germany, factsheet number 75378, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75378.
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