Siemens

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
2,900 jobs
Number of planned job losses
Job loss
Announcement Date
24 September 2018
Employment effect (start)
1 October 2018
Foreseen end date
31 December 2020

Description

In November 2017, German industrial group Siemens announced that it would cut 6,900 jobs worldwide, as part of its plan to restructure the Power and Gas division. In Germany, 3,400 employees were to be made redundant and some plants to be closed.

After negotiations with the metalworkers Union IG Metal and the works council, the company reduced the number of redundancies by 500 to 2,900 in total. The two sides agreed on socially acceptable measures, such as partial retirement, severance pay and internal transfers. The plant in Görlitz, whose planned closure triggered mass protests and political debate, will remain intact.

Citation

Eurofound (2018), Siemens , Internal restructuring in Germany, factsheet number 95950, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95950.