EMCC European Monitoring Centre on Change

Siemens

Company/Organisation:
Siemens

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 440000
Group: Siemens

Employment Effects

Announcement Date: 25-04-2002
Planned Job Reductions min: 13500
Planned Job Reductions max: 13500
Type of Restructuring: Internal restructuring

Additional Information

7.000 out of 30.000 jobs will be cut in the Industry solutions & services division, in which 2.000 outplacements or early retirements ; 2/3 of the layoffs expected in Germany). 6.500 jobs axed in the Information and Communication Network.