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

Chris Mellor

How long before Blue Big HQ pulls the plug on the whole thing?

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust