Re: nieuwstopic?!
Geplaatst: 24 jul 2008, 21:08
Czech Republic: Siemens mulls sale of Czech train factory
The German engineering group Siemens is mulling the sale of a Czech factory, where 950 workers make trains, as part of the restructuring of its transport division.
Siemens wants to divest the unit by the end of its 2009 exercise, and considers that a sale is one option, a statement said.
The company also wants to eliminate a total of 850 transport division jobs in Germany, but has told unions it would not resort to outright dismissals.
"In Prague, we have a number of very well trained specialists and can also imagine selling the factory to a reputable company," the statement quoted Hans-Joerg Grundmann, head of the Mobility Division, as saying.
The group has presented a vast plan to cut about 17,000 posts worlwide to boost profitability. The transport division is expected to lose 1,800 posts.
Siemens said the division suffered from excess production capacity, in part because emerging economy countries like China demand that some production take place there via local partners before signing contracts.
Siemens also plans in the future to work more with sub-contractors "like in the automobile industry" rather than manufacture all of its own products.
The production of rail vehicles "is to be concentrated in three centers of competence," the statement said, with aluminium vehicles made in a German plant in Krefeld-Uerdingen, steel ones in Vienna and locomotives in Munich.
"Production locations close to the customer such as the tram manufacturing plant in Sacramento (USA) are to be retained," the statement said.
Siemens chief executive Peter Loescher, who took over just a year ago, has said the wide-scale restructuring was needed to make up ground lost to rivals like the US conglomerate General Electric.
He has already set a target of reducing administration and management costs by 1.2 billion euros (1.9 billion dollars) by 2010, but has not said how much the restructuring would cost the 160-year-old company.
Loescher, an Austrian, worked previously at General Electric and is the first Siemens boss named from outside the company, which makes products from light bulbs and medical equipment to power stations and trains.
(source: AFP, 23 July 2008)
The German engineering group Siemens is mulling the sale of a Czech factory, where 950 workers make trains, as part of the restructuring of its transport division.
Siemens wants to divest the unit by the end of its 2009 exercise, and considers that a sale is one option, a statement said.
The company also wants to eliminate a total of 850 transport division jobs in Germany, but has told unions it would not resort to outright dismissals.
"In Prague, we have a number of very well trained specialists and can also imagine selling the factory to a reputable company," the statement quoted Hans-Joerg Grundmann, head of the Mobility Division, as saying.
The group has presented a vast plan to cut about 17,000 posts worlwide to boost profitability. The transport division is expected to lose 1,800 posts.
Siemens said the division suffered from excess production capacity, in part because emerging economy countries like China demand that some production take place there via local partners before signing contracts.
Siemens also plans in the future to work more with sub-contractors "like in the automobile industry" rather than manufacture all of its own products.
The production of rail vehicles "is to be concentrated in three centers of competence," the statement said, with aluminium vehicles made in a German plant in Krefeld-Uerdingen, steel ones in Vienna and locomotives in Munich.
"Production locations close to the customer such as the tram manufacturing plant in Sacramento (USA) are to be retained," the statement said.
Siemens chief executive Peter Loescher, who took over just a year ago, has said the wide-scale restructuring was needed to make up ground lost to rivals like the US conglomerate General Electric.
He has already set a target of reducing administration and management costs by 1.2 billion euros (1.9 billion dollars) by 2010, but has not said how much the restructuring would cost the 160-year-old company.
Loescher, an Austrian, worked previously at General Electric and is the first Siemens boss named from outside the company, which makes products from light bulbs and medical equipment to power stations and trains.
(source: AFP, 23 July 2008)