Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

Siemens Trimming 5,000 Telecom Jobs

Photonics.com
Oct 2001
MUNICH, Oct. 15 (Reuters) -- Siemens AG said it plans to cut an additional 5,000 jobs from its loss-making fixed line networks business, bringing the total number of jobs shed at the unit this year to more than 10,000.

The German technology giant, which said earlier this year it planned a sweeping reorganization of the Information and Communication Networks (ICN) business, said it aimed to close half of the network unit's worldwide production plants.

It said it expected to achieve savings of at least two billion euros ($1.82 billion) from the combined package of measures planned for the business.


News & Features

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2017 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.