IBM may cut up to 8000 jobs in Germany (2 Feb 2012)
IBM is sounding out plans to cut thousands of jobs in Germany and other countries to reduce costs and raise earnings, a German union official said.
Scope and time frame were still unclear, she said, adding that IBM was planning to reduce the number of full-time employees and hire more temporary staff through projects advertised on the Internet.
German business daily Handelsblatt reported in its Wednesday edition that IBM was planning to cut up to 8,000 jobs in Germany.
It cited an IBM executive as saying that “in the end it could be that only 12,000 of currently 20,000 jobs will be left in the subsidiary.”
Nokia Siemens to cut 2,900 jobs in Germany & 1,200 in Finland (31 Jan 2012)
Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said on Tuesday a previously announced restructuring plan would entail 2,900 job cuts in Germany and 1,200 in Finland.
In November, NSN, which had 74,000 employees worldwide, announced plans to reduce its global workforce by approximately 17,000 by the end of 2013, adding that its restructuring plan was aimed at cutting annual costs by one billion euros ($1.3 billion) compared to 2011 outlays.
“These planned reductions are regrettable but necessary, and it is our goal to make them in a fair and responsible way, providing the support we can to employees and communities,” NSN chief executive Rajeev Suri said in a company statement when the cuts were first announced in November.
In Finland, NSN said in a statement that official negotiations were scheduled to begin on February 8, and that employee retraining, job re-assignment and entrepreneurship support programmes would be introduced to help cushion the blow of the planned retrenchments.