Siemens plans to lay off 1400 people to achieve profit target

"NetEase technology News" July 22, the Siemens group plans to lay off more than 1400 people to complete the 2009 fiscal year profit target.

Marc Langendorf, the Siemens spokesman, said Randolph, a branch of its manufacturing building control system, would cut 300 employees and involve businesses in countries such as Germany, the UK, Switzerland and Sweden. As a German manufacturing giant, Siemens has a very diversified business and has great influence in the building control system, locomotive and other fields.

Peter Loescher, Siemens chief executive, is löscher to take steps to make the company's main business profit for the 2009 fiscal year more than 6.6 billion euros (9.4 billion US dollars) in fiscal year 2008. Under the influence of the global financial crisis, the operations of GE and other companies have been significantly impacted, and Siemens hopes to take this opportunity to catch up with the profitability of these major rivals. In 2008, Siemens announced layoffs of 17000 people to cut operating costs, while 19000 of its current staff were cut back on working hours.

"It's not enough to cut back on working hours," said Steffen Heinz Steffen, an analyst at the Research Institute's Feolis Investigation company. In the wake of the German government's election, big companies will have to slash jobs, including Siemens. But for political reasons, these companies will choose the right time to announce a layoff plan. ”

Randolph said that in Siemens ' latest layoff plan, a Austrian branch responsible for software development would lay off 630 people, while another Austrian branch, Siemens VAI Metal Technologies, would lay off 200 people; Siemens will lay off 300 people in an IT service business in the UK region. At present, Siemens is negotiating with the workers ' committees of the four branches mentioned above.

Merck Finck analyst Kotz (Theo Kitz) said that in the current situation, some of Siemens's operations will not be able to complete the 2009 fiscal year business objectives. "To achieve profitability in future operations, Siemens has to take effective cost-cutting measures in certain businesses," he said. ”