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Home >> Business
UPDATED: 17:21, September 21, 2005
Siemens to axe 7,400 employees worldwide
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After selling its mobile department to BenQ, Siemens' new CEO Klaus Kleinfeld is trying to get more profits from its major services through drastic reforms. Failed to provide a satisfactory rate of return, Siemens employees, including those in China, are again facing the fate of being cut, Beijing Times reported.

Siemens Germany headquarters announced on September 20 its plan to cut more than 7,400 staff worldwide.

A person in charge of Siemens China division said Tuesday they hadn't been informed by the Germany headquarters anything about employment cut or re-grouping, adding that even large-scale staff cutting happens, it won't touch China and the promise Siemens made early this year to recruit 5,000 people on the Chinese market will be kept.

But reporter later learned from an unnamed insider from the company that the global staff-reducing will inevitably involve China, and news about dismissing staff is running wild among Chinese employees. Earlier, marketing staff of Siemens' mobile department in Shanghai was axed almost completely since the mobile sector was sold to BenQ.

Both Siemens' logistics and telecommunication departments have offices in China, and now Siemens employs a total number of 30,000 people in China.

By People's Daily Online

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