By John Oates, 10 October 2001 08:19
NEWS Siemens is considering halving the number of factories it has producing equipment for the fixed-line market. The German giant is looking to slash more than E2bn (£1.25bn) in costs from the division. Five thousand jobs are likely to go as part of the review. Siemens runs 20 factories for fixed-line products - an area of falling demand and margins. Siemens has until 4 November, when preliminary results are released, to make a final decision, according to the Financial Times.
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