EMCC European Monitoring Centre on Change

Siemens Industry Sector

Company/Organisation:
Siemens Industry Sector

Geographic Location

Country: Germany

Company

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

Employment Effects

Announcement Date: 11-04-2013
Planned Job Reductions min: 2900
Planned Job Reductions max: 2900
Type of Restructuring: Internal restructuring
Employment Effect Start: 12-04-2013
Foreseen End Date: 31-12-2014
Direct Dismissals: 2900

Additional Information

German multinational Siemens announced the cut of 2,900 jobs in its industry divisions in Germany. This is due to falling demand. Siemens plans to close two of its four mechanical drives factories,; this is going to result in 500 job losses. 200 additional jobs shall be offshored to the Czech Republic (Siemens- CZ2013). The remaining job cuts affect administration (500 jobs) and sales (1,700 jobs). Worldwide, Siemens aims to reduce workforce by 3,000 and save 6 billion euros (planned before the end of 2014). For further information see Siemens Industry Sector 2013 and Siemens2012.