Siemens reaches agreement on reconciliation of interests for IT business - 2,000 jobs to be cut in Germany in socially responsible manner
Munich, Germany, 2010-Aug-04
Siemens AG and employee representatives have reached agreement on a reconciliation of interests regarding the workforce adjustments that have been announced for Siemens IT Solutions and Services (SIS). Under the agreement, a comprehensive package of voluntary measures will ensure that the reduction of 2,000 jobs in Germany is implemented in a socially responsible manner. The negotiated reconciliation of interests still requires approval by Siemens' Central Works Council. This approval is expected next week.