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Siemens Cuts 16,750 Jobs Worldwide

Siemens has confirmed reports that a large reduction in its workforce will be implemented at the company to boost competitiveness and respond to global economic pressures.

As reported in DOTmed Online News last week, Siemens will be reducing its global workforce by approximately 16,750 jobs. The majority of the cuts will be in administrative positions, and will include approximately 2,800 jobs in the healthcare division worldwide. Of that figure, 1200 of the jobs will be reduced in Europe, with the remainder coming from other parts of the world.

As part of the company’s efforts to reduce operating costs by $1.9 billion by 2010, Siemens has reorganized management and consolidated operations into thress main units – healthcare, energy, and industrial. Siemens Healthcare is the well-known manufacturer of a wide range of hospital medical equipment, including the Siemens 300a Servo Ventilator, the Siemens 900C Respiratory Ventilator, The Siemens SC 9000XL Monitor, and the Siemens Hanaulux Oslo Operating Room Surgical Light.

Siemens, which is based in Munich, Germany, currently employs more than 400,000 workers in 190 countries. This job reduction represents about 4% of the company’s workforce.

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