EMCC European Monitoring Centre on Change

Siemens Mobile

Company/Organisation:
Siemens Mobile

Geographic Location

Country: European Union

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 28600
Group: Siemens

Employment Effects

Announcement Date: 30-07-2003
Planned Job Reductions min: 2300
Planned Job Reductions max: 2300
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2003
Foreseen End Date: 01-12-2004

Additional Information

Due to the weakness of the mobile phone market, Siemens mobile decided to suppress 2,300 jobs (from which 500 in Germany). The aim is to reduce the costs by 1 billion euros during the twelve next months.