Jessica Abraham

User Type : Standard User
Siemens restructuring to affect 11,600 jobs worldwide

Siemens restructuring to affect 11,600 jobs worldwide

Post By : Jessica Abraham

Post Rank : 919th

Category : Business

Sub Category : Marketing

01 Jun 2014

German industrial big Siemens plans a serious reorganization of its business, touching eleven,600 employees.

The restructuring directly affects seven,600 jobs worldwide, with another four,000 probably affected as a part of changes to its regional organisation.

However a corporation representative said: "Removing jobs in one space doesn't essentially got to mean job cuts."

Some employees could also be redeployed and Siemens is holding talks on the plans with its council.

The company is reorganising itself into 9 divisions from its current sixteen. It intends to chop annual cluster prices by 1bn euros ($1.4bn) from 2016.

The reorganization follows a previous one that affected fifteen,000 posts. in an exceedingly group discussion on Fri, a Siemens representative aforementioned that the amount of job losses from that revamp was four,000.

Siemens employs 360,000 employees worldwide, with a few third of those in Germany.

Alstom battle
Earlier this month, Siemens aforementioned in its latest company report that it expected its markets "to stay difficult in business enterprise 2014" with a recovery not expected till later within the year.

Siemens is keen to shop for a part of France's Alstom.

To do that, it'll got to come back up with a a lot of enticing bid than U.S.A. firm General electrical (GE), that is pushing exhausting to try to to a upset the French industrial firm.

To sweeten its approach, GE recently secure to make one,000 jobs in France.