March 22, 2010
Siemens to eliminate nearly 2,000 jobs
Published: 28 Jan 10 11:48 CET
Online: http://www.thelocal.de/money/20100128-24879.html
The German industrial group Siemens said Thursday it would eliminate around 1,990 German jobs in its machine tool and industrial services activities.
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The move comes amid restructuring of industrial units, with activities at Siemens's low voltage motors group to be concentrated in Mohelnice, in the Czech Republic, the statement said.
In the Industry Solutions Division, a slump in capacity utilisation would force Siemens to cut back "in order to remain competitive on a long-term basis," unit head Jens Wegmann said.
Siemens announced the cuts shortly after Germany's Federal Labour Agency said that unemployment had jumped in January to 8.6 percent of the workforce, with a total of 3.617 million unemployed.
AFP (news@thelocal.de)
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