EMCC European Monitoring Centre on Change

Siemens Industry Sector

Company/Organisation:
Siemens Industry Sector

Geographic Location

Country: World
Location of affected unit(s): Germany, the Czech Republic, India and Pakistan

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 100000
Group: Siemens

Employment Effects

Announcement Date: 11-04-2013
Planned Job Reductions min: 3210
Planned Job Reductions max: 3210
Type of Restructuring: Internal restructuring
Employment Effect Start: 12-04-2013
Foreseen End Date: 31-12-2014

Additional Information

Electronics and electrical engineering company Siemens has announced plans to cut up to 3,000 jobs globally in its industry business. As announced, most of the job cuts will take place in Germany, with the closure of two mechanical drives factories (500 jobs) and the delocalisation of about 200 jobs to the Czech Republic. Additionally, around 500 administrative and 1,700 sales jobs will be lost. Other jobs will be lost in India (140) and Pakistan (170). With this restructuring plan, Siemens wants to save 6 billion euros. The company faces a falling demand for its products and a diminishing return on sales.