German
industrial giant Siemens has said it is weighing cuts of nearly 12,000
jobs around the world as part of a major restructuring.
Chief executive Joe Käser told a conference of investors and analysts in New York on Thursday that a previously announced cost-cutting drive would create "noticeable changes all across the entire organisation", a spokesman, Michael Friedrich, confirmed.
Some 7,600 positions will be "affected" as part of a company overhaul announced by Käser on May 7 in which 16 divisions will be consolidated into nine and certain levels of hierarchy will be eliminated, Friedrich said.
Another 4,000 jobs are in question as part of a regrouping of regional activities due at the start of the fiscal year on October 1.
However Käser attempted to calm the waters in a letter to staff, insisting that not all 11,600 positions would be slashed.
Source and full story: The Local (Germany), 31 May 2014
Chief executive Joe Käser told a conference of investors and analysts in New York on Thursday that a previously announced cost-cutting drive would create "noticeable changes all across the entire organisation", a spokesman, Michael Friedrich, confirmed.
Some 7,600 positions will be "affected" as part of a company overhaul announced by Käser on May 7 in which 16 divisions will be consolidated into nine and certain levels of hierarchy will be eliminated, Friedrich said.
Another 4,000 jobs are in question as part of a regrouping of regional activities due at the start of the fiscal year on October 1.
However Käser attempted to calm the waters in a letter to staff, insisting that not all 11,600 positions would be slashed.
Source and full story: The Local (Germany), 31 May 2014
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