Diversified German conglomerate Siemens AG has said it will reduce headcount by 4,200 people from its IT business worldwide by 2011 as part of reorientation.
In a statement, the company said it would eliminate 4,200 jobs at Siemens IT Solutions and Services (SIS) worldwide by the autumn of 2011. The company currently employs about 35,000 people in its IT business globally.
Siemens Group has a good presence in India, where it provides direct employment to over 17,000 people.
Of the total number of 4,200, around 2,000 jobs would be axed in Germany, the company said without providing details for the rest of the job cuts.
"As part of the reorientation, plans call for eliminating some 4,200 of about 35,000 jobs worldwide by 2011. Roughly 2,000 of the jobs affected are in Germany," Siemens said.
Besides, Siemens is also planning to hive off its IT unit into a separate business entity.
While making job cuts, Siemens said it would "exhaust all possibilities for voluntary measures and to implement the cutbacks in as socially compatible a way as possible.
"Measures will include, for example, the termination of employment contracts by mutual consent or the non-renewal of temporary contracts. The required consultations with employee representatives will be initiated immediately," it added.
Moreover, Siemens said it would invest over 500 million euros into the SIS by 2012.
Siemens Group currently employs more than 4,00,000 people across the globe in its wide range of operations spanning from energy sector to healthcare and financial sector.
Monday, March 22, 2010
Wednesday, March 17, 2010
IT market, new openings
Cisco India's hiring plan on track, says John Chambers
Network-equipment maker Cisco Systems on Friday said it remains committed to the Indian market and its plans to increase headcount to 10,000 is on track.
“With all the appropriate caveats, the global econnomy is turning. We are deeply committed (to India). We are completing construction on two additional areas, which can house as many as 3,000 more,” Cisco CEO John Chambers said at a private function here.
The headcount India is projected to rise to 10,000 from about 6,000 currently, he added. However, Chambers did not divulge the timeframe.
“With all the appropriate caveats, the global econnomy is turning. We are deeply committed (to India). We are completing construction on two additional areas, which can house as many as 3,000 more,” Cisco CEO John Chambers said at a private function here.
The headcount India is projected to rise to 10,000 from about 6,000 currently, he added. However, Chambers did not divulge the timeframe.
TCS
TCS' 600 mn pound deal under fire in UK
The proposed multi-year contract between TCS and the UK government for administering its employment savings trust has evoked adverse comments from some British websites, one of which even suggested the deal could be reviewed if there is a change of guard in the government after the May elections.
The British's Personal Accounts Delivery Authority (PADA) earlier this month had said it would sign a contract with Tata Consultancy Services to administer the National Employment Savings Trust (NEST).
The Personal Accounts Delivery Authority is a non-departmental public body in Britain.
According to the website www.moneymarketing.co.uk, the Conservatives have attacked the decision to sign the contract for NEST administration before the general elections.
The website quoted Conservative's shadow pensions minister Nigel Waterson as saying, "He is amazed that contract would be signed so quickly and stressed that this would not inhibit a Tory review of the scheme if they get into power.”
"We wish to make it clear that our review of NEST, should we win the elections, will not be constrained in any way by any contract signed by this government in its dying days," Waterson was quoted as saying in the report.
Source: EconomicTimes
The British's Personal Accounts Delivery Authority (PADA) earlier this month had said it would sign a contract with Tata Consultancy Services to administer the National Employment Savings Trust (NEST).
The Personal Accounts Delivery Authority is a non-departmental public body in Britain.
According to the website www.moneymarketing.co.uk, the Conservatives have attacked the decision to sign the contract for NEST administration before the general elections.
The website quoted Conservative's shadow pensions minister Nigel Waterson as saying, "He is amazed that contract would be signed so quickly and stressed that this would not inhibit a Tory review of the scheme if they get into power.”
"We wish to make it clear that our review of NEST, should we win the elections, will not be constrained in any way by any contract signed by this government in its dying days," Waterson was quoted as saying in the report.
Source: EconomicTimes
IT market, new openings
MphasiS set to offer increments
Software services company MphasiS will roll out a salary increment for its 35,000-employees from May 1 this year, CEO Ganesh Ayyar told mediapersons at Pune. The company recently started a 2,000-seater global command and control centre in Pune for its remote infrastructure monitoring business vertical. The centre currently houses 600 technical staff supporting 450 clients worldwide.
While most companies had cut salaries in the slowdown time, MphasiS had retained them, linking the variable portion to the company’s performance as bonus. Mr Ayyar said: “Though this did give more money to the employees, most are still comfortable with the traditional increments, which is why we have decided to effect the hike,” adding that it had no relation to the revival of the economy.
While most companies had cut salaries in the slowdown time, MphasiS had retained them, linking the variable portion to the company’s performance as bonus. Mr Ayyar said: “Though this did give more money to the employees, most are still comfortable with the traditional increments, which is why we have decided to effect the hike,” adding that it had no relation to the revival of the economy.
TCS
High UK exposure may pose risk for TCS
With the UK government's contracts worth over $1 billion in the pipeline, Tata Consultancy Services (TCS) is exposed to substantial risks of project delays and anti-offshoring sentiments, according to local experts and rivals. Such projects also bring along single-digit margins and could impact profitability, unless there is significant work delivered from offshore.
Last week, the UK Personal Accounts Delivery said it decided to award a deal estimated at рде्600 million to TCS to administer the National Employee Savings Trust (NEST) scheme, a pensions scheme, for a 10-year-period in two phases. The decision has attracted sharp criticism from the Conservative party, which is opposing the decision taken close to the general elections.
Read full story on EconomicTimes
Last week, the UK Personal Accounts Delivery said it decided to award a deal estimated at рде्600 million to TCS to administer the National Employee Savings Trust (NEST) scheme, a pensions scheme, for a 10-year-period in two phases. The decision has attracted sharp criticism from the Conservative party, which is opposing the decision taken close to the general elections.
Read full story on EconomicTimes
IT market, new openings
ITC Infotech looks to hire over 1,800 people by March 2011
IT services and solutions firm ITC Infotech is looking to hire over 1,800 employees by March next year in its various offices across the country.
"We are looking to ramp up our headcount by more than 50 per cent to 5,000 employees by March next year," ITC Infotech HR head Anand Talwar told PTI.
The Bangalore-based company's current employee strength is 3,200 across its offices in various cities, including Bangalore, Kolkata and Hyderabad.
"We are looking to ramp up our headcount by more than 50 per cent to 5,000 employees by March next year," ITC Infotech HR head Anand Talwar told PTI.
The Bangalore-based company's current employee strength is 3,200 across its offices in various cities, including Bangalore, Kolkata and Hyderabad.
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