German industrial giant Siemens plans a major reorganisation of its business, affecting 11,600 workers.<\/p>\n
The restructuring directly affects 7,600 jobs worldwide, with another 4,000 potentially affected as part of changes to its regional organisation.<\/p>\n
However a company spokesman said: “Removing jobs in one area does not necessarily have to mean job cuts.”<\/p>\n
Some staff may be redeployed and Siemens is holding talks on the plans with its works council.<\/p>\n
The company is reorganising itself into nine divisions from its current 16. It intends to cut annual group costs by 1bn euros ($1.4bn) from 2016.<\/p>\n
The reorganisation follows a previous one that affected 15,000 posts. In a news conference on Friday, a Siemens spokesman said that the number of job losses from that revamp was 4,000.<\/p>\n
Siemens employs 360,000 staff worldwide, with about a third of these in Germany.<\/p>\n
Alstom battle<\/strong><\/p>\n Earlier this month, Siemens said in its latest company report that it expected its markets “to remain challenging in fiscal 2014” with a recovery not expected until later in the year.<\/p>\n Siemens is keen to buy part of France’s Alstom.<\/p>\n To do that, it will have to come up with a more attractive bid than US firm General Electric (GE), which is pushing hard to do a deal with the French industrial firm.<\/p>\n To sweeten its approach, GE recently promised to create 1,000 jobs in France.<\/p>\n <\/p>\n Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":" German industrial giant Siemens plans a major reorganisation of its business, affecting 11,600 workers. The restructuring directly affects 7,600 jobs worldwide, with another 4,000 potentially affected as part of changes to its regional organisation. However a company spokesman said: “Removing jobs in one area does not necessarily have to mean job cuts.” Some staff may […]<\/p>\n","protected":false},"author":5,"featured_media":21827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[122,18,1152,1153],"class_list":["post-21826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bokpin","tag-dr-akwasi-osei","tag-kintampo-college-of-health","tag-school-feeding-program"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21826"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/21827"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}