Almost two months after announcing 2.000 job cuts in its subsidiary of telecommunications equipment, Siemens Enterprise Network (SEN) in Germany (see our article No. 080162), Siemens' management and its works council agreed, on April 15, 2008, on the modalities for the staff cutback plan, which will at first concern about 1.200 employees. The IG Metall and the management welcomed this agreement. (Ref. 080309)
A wide training offer. The German electronics giant will first propose to 300 of its oldest employees to use the partial retirement program (Altersteilzeit). The approximately 800 employees remaining will be transferred as of July 1, 2008 to a “transfer company” (Transfergesellschaft) for two years.
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