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Labor union warns Siemens over power restructuring – Reuters

BERLIN/LONDON (Reuters) – A restructuring of Siemens (SIEGn.DE) declining turbines business could trigger labor unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts.

Siemens employees and union members protest with a banner that reads “Siemens = social responsibility” outside a meeting of the Siemens works council in Berlin, Germany, November 23, 2017. REUTERS/Hannibal Hanschke

Siemens said last week it would cut 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division that has been hit by the rapid growth in renewable energy.

The issue has leapt up the national agenda in the face of potential fresh electio…

Read the full article at: https://www.reuters.com/article/us-siemens-restructuring/labor-union-warns-siemens-over-power-restructuring-idUSKBN1DN1GU

Category: RestructuringBy Insolvency GuardianNovember 23, 2017

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Labor union warns Siemens over power restructuring – Reuters

BERLIN/LONDON (Reuters) – A restructuring of Siemens (SIEGn.DE) declining turbines business could trigger labor unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts.

Siemens employees and union members protest with a banner that reads “Siemens = social responsibility” outside a meeting of the Siemens works council in Berlin, Germany, November 23, 2017. REUTERS/Hannibal Hanschke

Siemens said last week it would cut 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division that has been hit by the rapid growth in renewable energy.

The issue has leapt up the national agenda in the face of potential fresh electio…

Read the full article at: https://www.reuters.com/article/us-siemens-restructuring/labor-union-warns-siemens-over-power-restructuring-idUSKBN1DN1GU?il=0

Category: RestructuringBy Insolvency GuardianNovember 23, 2017

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PreviousPrevious post:Cardiff-based Ticketline (UK) placed into liquidation – BBC NewsNextNext post:IBC ordinance: Several companies say not ‘wilful defaulters’ – Economic Times

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July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
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Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
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Atos secures funding for rescue plan, lives to fight another day – The Register
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