Bosch-Siemens Warns It Could Cut Up to 3,000 Jobs
Mar 29, 2004
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German appliance maker Bosch-Siemens will cut up to 3,000 jobs in the country unless an accord is reached to save on personnel costs, a company spokeswoman told AFP.
"If nothing changes on an economic level, on a cost level, then we will have 3,000 fewer posts in 3 years," she said, repeating an argument put by management to staff representatives last week.
The figure was an "accounting example" based on 1,000 job cuts the company made last year, the spokeswoman said.
Bosch-Siemens is holding talks with personnel to find ways of cutting costs, which could include increasing the number of hours worked (currently at 35 per week), or getting rid of certain bonuses.
The company is suffering from heightened global competition and a poor economic climate.
It employs 35,000 workers, including 14,000 in Germany. (AFP)
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