Siemens to expand in China and India
By Staff, CNET News.com
Monday, December 15 2003 7:00 AM
German electronics and industrial giant Siemens AG announced Friday that it will move 10,000 software development jobs to China and India, as well as Russia and central and eastern European countries, where wages are lower.
Siemens aims to have one-third of its 30,000 software developers in low-wage countries, a sharp rise from the few thousand that a Siemens spokesman told the Associated Press, an international newswire, currently has in such countries. The time frame for the shift has not yet been specified.
Siemens also plans to move some of its production and accounting operations offshore, the Financial Times, a British daily, reported. Back-office operations for Europe are being shifted to the Czech Republic in a pilot project.
Siemens cited the cost advantages and strong growth potential in those countries, as well as competitors’ moves to outsourcing and lower-cost country expansion.
Munich-based Siemens has 417,000 global employees, with around 40 percent in Germany.
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