Siemens says it will cut 2,000 German IT jobs

4th August 2010, Comments 0 comments

German industrial giant Siemens said on Wednesday that it would cut 2,000 jobs in its German IT solutions and services (SIS) unit, part of a broader programme initially unveiled in March.

The company and worker representatives have reached agreement on how to implement the decision "in a socially responsible manner," a statement said.

Offers would be made "for the voluntary termination of employment, ranging from partial early retirement to employment termination agreements," it added.

The group also planned to propose internal reassignments and continuing education.

The decision is part of a broad restructuring of the SIS division announced on March 18 that included the elimination of 4,200 jobs worldwide.

Siemens said then that it would restructure the unit around two poles of activity -- business information technology solutions and IT outsourcing.

Siemens has already spent around 500 million euros (660 million dollars) to restructure other divisions and has slashed 23,000 jobs. At the end of last year, its workforce totalled 405,000 worldwide.

The group's vast operations extend from the manufacture of light bulbs and washing machines to medical imaging equipment, wind turbines, nuclear reactors and high-speed trains.

On June 30, Siemens said it had resumed full-time work schedules at German sites owing to a pick-up in demand.

© 2010 AFP

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