Germany -Siemens announces job cuts -February 06, 2015

Siemens - the engineering firm that makes everything from trains to turbines - says it is cutting 7,800 jobs to streamline management and speed up decision-making, looking for one billion euros in savings by the end of 2016. In Germany, 3,300 posts will go.

Siemens - the engineering firm that makes everything from trains to turbines - says it is cutting 7,800 jobs to streamline management and speed up decision-making, looking for one billion euros in savings by the end of 2016. The layoffs, to be completed within two years, are expected as part of an overhaul which Siemens hopes will let it catch up with more profitable rivals such as General Electric and Switzerland’s ABB. The cuts represent around 2% of the total workforce of 343,000. In Germany, where Siemens has around a third of its employees, 3,300 posts will go.

English: http://www.euronews.com/2015/02/06/siemens-chases-profitability ...


For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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