EMCC European Monitoring Centre on Change

Siemens Business Services (SBS)

Company/Organisation:
Siemens Business Services (SBS)

Geographic Location

Country: Germany

Company

Sector: Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Group: Siemens

Employment Effects

Announcement Date: 21-05-2004
Planned Job Reductions min: 1000
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Foreseen End Date: 30-09-2004

Additional Information

On May 2004, SBS, a subsidiary of the Siemens group specialised in IT services, is reported to be planning to cut over 1,000 jobs in Germany. In the area of training and services, 300 jobs are to be contracted out, while a redundancy scheme will provide for 700 job cuts by the end of the 2004/05 financial year. The reason for the planned job cuts is that the company needs to improve its profit. Negotiations between the management and the staff council are reported to have lasted a long time, but have been conclusive.