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Home >> Business
UPDATED: 08:43, September 22, 2005
Siemens global downsizing not to affect recruitement in China
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Facing large-scale job-cutting, German industrial conglomerate Siemens AG said its plan would not affect the China branch.

China is not involved in the plan, said sources with Siemens China on a telephone interview with Xinhua here Wednesday.

The company's decision to recruit 5,000 people in China made earlier this year would not change, said the sources.

Siemens' business in China maintains strong momentum of growth and the global adjustment would not affect the company's development in China, the sources said.

Media reports said earlier that Siemens planned to cut jobs in the company worldwide, with 2,838 of the jobs from Siemens Business Services (SBS) and 797 jobs from fixed and mobile network business.

The SBS system belongs to interior service in China and no jobs would be cut from there, said sources with Siemens China.

In a bid to meet the demand of its development in China, Siemens planned to recruit 5,000 employees in the country in 2005. Meanwhile, it announced further investment of 10 billion yuan in the market earlier this year.

As one of the world largest electric and electronic companies, Siemens set up its first office in China in 1904. At the end of September last year, Siemens' investment in China reached 8.5 billion yuan. (1 US dollar=8.089 yuan)

Source: Xinhua

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