By | John Oates 13th October 2006 11:38

Siemens Business Services rejigged again

It's like Trotsky's permanent revolution...

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Siemens Business Services (SBS) is reorganising and renaming itself again, as it bundles all its IT and software activities into one company.

SBS becomes SIS - Siemens IT Solutions and Services - which will be made up of four groups: program and system engineering (PSE), Siemens Information Systems Ltd (SISL), development, innovation and projects (DIP), and the business innovation centre (BIC). The changes will take effect in January 2007.

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SBS underwent similar restructurings in 2005, and again in 2006. The company is still aiming for savings of €1.5bn by spring 2007.

Jobs are likely to be lost as a result of this cost-cutting. Siemens is currently negotiating with employee representatives and the IG Metall union.

The release says: "Concluding current negotiations is therefore a decisive prerequisite for finalising the setup of Siemens IT Solutions and Services in Germany." Getting rid of staff is a slow and expensive task in Germany.