Germany's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Siemens ditches partial work scheme

Share this article

Siemens ditches partial work scheme
Photo: DPA
09:40 CEST+02:00
German industrial group Siemens said Friday that it has resumed full-time work schedules at German sites owing to a pick-up in demand, following the lead of the auto industry.

In June of last year, 19,000 Siemens workers were affected by a partial work scheme, around 15 percent of the group's workforce in Germany.

This month, the state-subsidized programme designed to keep staff in their jobs through downturns concerned only around 600 people.

In the third quarter of its year to September 2010, Siemens emerged from the global economic crisis with a 22 percent increase in orders worth almost €21 billion ($27 billion).

German automakers BMW, Daimler and Volkswagen have already said they would stop using the programme as demand rebounded this year.

In May, the world's biggest chemical company, BASF, weaned itself off the scheme as well.

By the end of the year, around 100,000 workers should still be enrolled in the programme, compared with a peak of 1.4 million at the worst point of the economic crisis, according to the German federation of chambers of commerce and business DIHK.

 
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn’t stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.