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Siemens cuts staff
THE MAKER of very precise electronics gear with a nautical sounding name, Siemens is giving nearly 2,000 of its workers their pink slips and P45s.
Siemens said that it is making restructuring and capacity adjustments which actually means getting rid of people.
Apparently the wholesale culling of staff, er, restructuring is because no one wants to buy some of its very precise gear any more.
According to Siemens, as many as 1,140 jobs will be eliminated at its Drive Technologies Division. By the end of 2012, a total of roughly 840 jobs at the division's location in Bad Neustadt an der Saale are to be cut.
At the Division's Erlangen location, some 300 further jobs are to be trimmed. The company will also be slashing about 850 jobs at the Industry Solutions Division, mainly on account of falling market volume.
Siemens' Drive Technologies Division manufactures low-power, low-voltage motors for the European market. These are made mainly in the Mohelnice plant in the Czech Republic.
However there is a slump in volume in the key mechanical engineering market, so jobs must go. µ
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at Bad Neustadt were mentioned in a TV story to ve simply transferred to another country, to be there "uncut".
Thos 840 "cut" workers in Bad Neustadt won't go any other place but home. Some young ones may move to another city in Germany, but there are not too many production jobs left in Germany.
Most of the laid off people are regular production workers, they won't find another job other then voluntary guinea pigs for the pharmaceutical industry . I also would assume that they do not speak any other language than German. They'll be lost.
Siemens suffers from the same dis-ease that many other tech companies worldwide suffer from: too many lawyers and bean counters in top management.
Once this breed reaches top level, they tend to eliminate or squeeze out peers that have a technical background for various reasons.
Siemens is an engineering company at its heart but was ruled for some time by poeple like Heinrich von Pierrer who took advantage of the company for themselves and did not have a clue about engineering or technology.
Tech companies these days need a better balance in top management.