Friday, November 28, 2008
Fujitsu Siemens to cut 700 jobs
Fujitsu Siemens Computers plans to slash around 700 jobs in Germany -- 12 per cent of its workforce in the country -- due to continued competitive and economic challenges, it said.
Fujitsu Siemens Computers Holdings (FSC) is Europe's biggest maker of personal computers and employs about 10,500 worldwide, most of whom are in Germany.
It said the job cuts were not a result of its new ownership structure but rather a move to improve profitability and competitiveness.
Management began talks with union representatives about the plans on Thursday, Fujitsu Siemens said.