{"id":21826,"date":"2014-06-01T07:28:35","date_gmt":"2014-06-01T07:28:35","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=21826"},"modified":"2014-06-01T07:28:35","modified_gmt":"2014-06-01T07:28:35","slug":"siemens-restructuring-to-affect-11600-jobs-worldwide","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/06\/siemens-restructuring-to-affect-11600-jobs-worldwide\/","title":{"rendered":"Siemens restructuring to affect 11,600 jobs worldwide"},"content":{"rendered":"
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":[],"categories":[],"tags":[122,18,1152,1153],"yoast_head":"\n