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Re: Siemans May Cut 11,600

By: weco in FFFT | Recommend this post (0)
Sat, 31 May 14 11:44 AM | 51 view(s)
Boardmark this board | Food For Further Thought 		Msg. 64158 of 65535
(This msg. is a reply to 64156 by oldCADuser)
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OCU -

Wow, that is a major event(s) for all, could mean some employees have to pack their bags and re-setlle in their next job. But the trick is to go with it, absorb and be absorbed.

Over the later years we had a lot of folks 'PT'd', permanent transferred. Caused much turmoils since some of the receiving areas were not happy to get extra folks while they were already struggling. But while we lost a lot, some made out, learned to love their new homes, came out OK.

They got to me once, I was able to stretch the commute of a couple hours each way, do a bit of scrambling over a couple years,ending back where I started but at a higher pay rate, and survived all of it. Became the last person in the area, rebuilt it a bit, but the writing was on the wall, top level management were out only for themselves, so at the next chance I bailed. Overall, a fun ride of near 40 years, long enough to play with all the toys as well as meet, work with a ton of great people all over the West...

So, you can do this next couple years easy, but as always, watch your back, many games at many levels...

weco


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The above is a reply to the following message:
Re: Siemans May Cut 11,600
By: oldCADuser in FFFT
Sat, 31 May 14 8:09 AM 		Msg. 64156 of 65535

Actually that news item is not quite accurate. The press misunderstood what Siemens' CEO Joe Kaeser said. While the number being quoted is accurate, at least as far as it goes, but to say that 11,600 will lose their jobs was incorrect.

The real situation is that Siemens is restructuring into three main industry thrusts, Electrification, Automation and Digitization. They're going to sell off some underperforming units, like their hearing aid business and postal sorting machines, and they're going to spin-off their medical diagnostic and scanning business into a separate company that they may either IPO out or sell to a group of investors. As for their transportation business (high-speed and interurban locomotives) they plan on offering the French government a swap for that business for Alstom's non-nuclear energy businesses (steam/gas turbines, and wind turbines). The 11,600 are the number of people who will be directly impacted by these changes, but not necessarily losing their jobs, however they could be asked to move from one business unit to another or perhaps even change their jobs altogether. Granted, some of the 11,600 will be people who will end up without a job but the final number could be much smaller than what's being reported depending on exactly how all of this pans out, particularly if the Alstom deal fails to materialize or not.

As for my own situation, our 'company', Siemens PLM Software, is going to be the core of the new 'Digitization' business unit. In fact, not only is our organization going to remain intact, the corporation is going to transfer at least 2 other Siemens software product divisions into our company so in the end, we're going to go from about 8,200 employees worldwide to nearly 11,000. This will make-up about 1/2 of the total 'Digitization' business unit. Considering that my plans are to retire in a year and half or whereabouts, I doubt that anything at this point is going have much of an impact on my job or position.

http://finance.yahoo.com/news/siemens-ceo-calls-job-cut-145922328.html

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