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| CURRENT SECTION :: Jobs | UK's most visited IT Contractor Site - 250k unique visitors March 2008 |
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Siemens has said the loss of 6,800 jobs at the company is “essential” to achieve its goal of changing from a hardware supplier to a provider of software solutions. Europe’s biggest engineering outfit hopes that by directly shedding jobs at its loss-making corporate telecoms unit it can boost the profitability of the troubled division. Eighteen months ago, the division - Siemens Enterprise Networks - was put up for sale though reported talks with IT providers, including Nortel, failed to find a buyer. Most of the job cuts, out of a workforce of 17,500, will affect staff in Germany, though a further 3,000 losses will result from outsourcing or factoring closures, the Munich-based firm said yesterday. It added: “This transformation is absolutely essential and supports Siemens’ ongoing efforts to find a suitable partner for SEN.” SEN went onto the market in June 2006 and although buyer interest was expected, the conditions for corporate telecoms deteriorated, in line with the division’s results. Under a cost-reduction plan, jobs at SEN’s German headquarters and other administrative and support functions are due to be affected the most. The reorganisation of the unit and the resulting reduction of red tape from the job cuts should make the division more palatable to a buyer, Siemens hopes. The total losses are thought to represent the biggest staff cuts at Siemens since the Nokia Siemens Networks tie-up claimed 9,000 jobs in 2006. Feb 27, 2008 Email this article Printer friendly page Previous Page
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