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Siemens protects 128,000 jobs in Germany

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Siemens protects 128,000 jobs in Germany
Photo: DPA
10:01 CEST+02:00
German engineering giant Siemens has agreed to protect the jobs of 128,000 domestic employees indefinitely, a media report said on Wednesday.

Under the pact, the workers' council must approve operational layoffs, effectively providing a job guarantee for Siemens workers, daily Die Welt reported.

The deal applies to all employees at Siemens subsidiaries within Germany, with the exception of the troubled IT-Sparte SIS. As the largest conglomerate in Europe, Siemens employs 400,000 people in 190 countries, among them 128,000 in Germany.

The new job guarantee agreement will dissolve a two-year 2008 accord, which included a savings programme worth billions of euros to prevent the loss of thousands of jobs following the financial crisis.

The most recent deal is seen as an acknowledgement by Siemens of the sacrifices its employees made during the crisis by taking pay cuts and working shorter hours, Die Welt reported.

Company leaders, the workers' council and the IG Metall trade union plan to sign the agreement on the sidelines of a Siemens board meeting on Wednesday.

Siemens declined to comment on the deal before it was official.

DAPD/DPA/ka

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