Siemens Extends Global 7800 points from
The electronics giant Sie mens sweeps with his radical transformation of the world around 7800 jobs, of which about 3300 in Germany. This was announced by the company on Friday in Munich. It relates principally to administrative agencies. Details on affected regions and locations announced Siemens initially not. Most likely the Siemens locations in Bavaria be affected because there are most administrative functions – Munich, Erlangen and Fürth. Berlin is unlikely to be affected by it. “Our business concept Vision 2020, we want to bring the company back to sustainable growth and profitability close the gap with competitors,” said Chief Executive Officer Joe Kaeser. It is already known that in addition to disappear around 1,200 jobs in the Siemens Energy division.
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You will now promptly enter into discussions with employee representatives and constructive search for socially acceptable solutions, said the new Siemens HR manager Kugel. Redundancies should be in accordance with applicable agreements avoided in the company. Kaeser had launched the largest restructuring of the Group since 25 years in May 2014. The sectors-division of the business was tilted, the number of divisions reduced from 16 to nine. Medical technology is spun off, and the sale of non-core activities such as hearing aids division is part of the concept.
With the conversion Siemens wants to reduce the costs by one billion euros. The sav ings are in innovation, increased productivity and growth investing, such as Siemens said. The management had previously discussed with employee representatives. This first numbers on the proposed job cuts were already leaked. Käsers goal is to bring the electric giant total more up to speed and improve customer service.
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Business it was not around last for Siemens. For the first quarter of the current fiscal year (September 30), had Kaeser must submit a profit slump. This was due to interest rate effects. But Siemens is also struggling with problems in major energy business. IG Metall initially had not commented on the plans to cut jobs. Employee representatives see the cuts but long critical. “I’m sick of that time and again staff reduction is promoted as no alternative solution,” said Chairwoman Birgit Steinborn.
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