The Channel logo

News

By | John Oates 14th November 2005 10:06

Siemens cuts 3, 000 jobs

Ouch...

Siemens is cutting 3,000 jobs in its computer division after posting a big fall in profits.

The jobs will go from outside Germany - the firm had already announced a reduction of 2,400 in the German headcount.

Questions were raised about the timing of the announcement - a day after the company posted its financial results. Siemens' IT division made a bigger than expected loss of €427m. Turnover was up some two per cent. Siemens Business Services is looking for €1.5bn in savings within two years.

Siemens is believed to be looking for a buyer for the division. An offer from ATOS Origin, made earlier this year, was "derisively low", according to the FT.®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state