|
|
Home >
Legal & Regulatory
May 1
2006
Siemens AG announced plans to
cut about 1,000 jobs in Germany from its largest division,
Communications.
The wireless and wireline
telecommunications equipment unit has struggled to rake in profits in
the face of biting competition that has forced equipment vendors to
lower their prices.
During the first half of fiscal
2006, Siemens laid off 1,500 employees. The latest reduction in work
force amounts to approximately 2 percent of Com’s 54,500 employees.
In all, Siemens employs about 470,000 people, having cut more than 7,000
positions since Klaus Kleinfeld signed on as chief executive officer of
the company 15 months ago.
d
|
.gif){kind=spacer}