Siemens reportedly planning major job losses

Germany’s biggest employer, Siemens, which also employs thousands of people in Slovakia, is planning to dismiss thousands of its employees, according to the German daily Börsen Zeitung. The main reason behind the plan is a fall in orders, which have dropped by about two-fifths, the Sme daily reported on August 22.

Germany’s biggest employer, Siemens, which also employs thousands of people in Slovakia, is planning to dismiss thousands of its employees, according to the German daily Börsen Zeitung. The main reason behind the plan is a fall in orders, which have dropped by about two-fifths, the Sme daily reported on August 22.

While the reports suggest that as many as 10,000 people might lose their jobs, Siemens has yet to confirm its plans.

“Our executive director Peter Löscher only announced the launch of a project to improve the positions in expenditures, productivity and processes,” said a spokesperson for Siemens, Oliver Santen, as quoted by the Hospodárske Noviny daily.

Siemens currently employs 410,000 people worldwide; in Slovakia approximately 4,000 people are on its payroll.

Slovak representatives of the firm also refused to comment on the reports.

Sources: Sme, Hospodárske Noviny

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.