EMCC European Monitoring Centre on Change

Siemens Enterprise Networks

Company/Organisation:
Siemens Enterprise Networks

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 17600
Group: Siemens

Employment Effects

Announcement Date: 27-02-2008
Planned Job Reductions min: 6800
Planned Job Reductions max: 6800
Type of Restructuring: Internal restructuring

Additional Information

Siemens has announced that it is to cut 6.800 jobs worldwide by selling its telecom unit Siemens Enterprise Networks (SEN), which lost 10 % of its sales in 2007. On 26 Febuary the company confirmed its plans of massive job cuts to make SEN more attractive to buyers. The company said that it has been searching for a potential buyer for more than a year now. The job cuts will affect about 40% of the totoal workforce of Siemens Enterprise Networks. The company said that in Germany, 2.000 jobs will be cut and 1.200 jobs will be relocated to other units owned by Siemens or its company partners. As of March 2008, there is no information on the locations (neither globally not in Germany) affected by the restructuring and when the job cuts will be implemented.