Siemens cuts 2,000 jobs (www.cnn.com)

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FRANKFURT, July 4 (Reuters) - German electronics and engineering group
Siemens AG (FIE) said on Wednesday it planned to cut 2,000 jobs worldwide
from its Siemens Business Services unit in response to slowing demand for IT

In a letter to staff, Siemens management said it would cut 1,600 jobs from SBS
operations in Germany, or more than 10 percent of the unit's 15,000-strong
workforce, and did not rule out compulsory redundancies.

The planned cuts bring total job losses at Siemens to about 10,000 so far this
year after 8,100 jobs were cut from the group's telecoms equipment businesses
earlier in the year.

A spokesman said the group had not yet determined the timescale of the cuts.

"This discussion will take some time," he said.

The move follows the merger last year of Siemens Business Services with the
former Information Technology services unit.

Siemens Business Services, which last year generated sales of 5.8 billion euros
($4.90 billion), provides information technology and electronic business
consulting services.
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2001-7-4 -04:00
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Back To Topic: Global IT sales could be lower than forecast(www.thestar.com). 太好了。资本主义一天天的烂下去。

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