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Siemens to Cut 3,800 Jobs, Shift 3,000

“We will begin accelerating the reorientation of SEN and the related restructuring activities under the control of Siemens to ensure that personnel measures associated with these changes will be as socially compatible as possible”

Siemens AG announced it will reorganize its corporate telecom unit, eliminating 3,800 jobs while another 3,000 will be transferred to partners or other units _ its biggest cuts in years.

The job cuts and shifts will be global and affect nearly 40 percent of the unit's 17,500 workers.

The company said in a statement that the decision is part of the conglomerate's plan to reorient and restructure its Siemens Enterprise Networks unit, also known as SEN, and is "intended to accelerate the company's transformation from a hardware supplier to a software and solutions provider to fit changed market conditions."


Source:
http://www.topix.com/business/telecom/2008/02/siemens-to-cut-3-800-jobs-shift-3-000

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