Business Services Industry
Siemens Lays Off Accounting Workers in Orange County, Fla.
Knight Ridder/Tribune Business News, August, 2002
By Christopher Boyd, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Aug. 15--Siemens AG's pledge to bring hundreds of jobs to Orange County came undone Wednesday when the company laid off 71 workers in its accounting division and said it is reconsidering an expansion plan announced last year.
Siemens said that it would eliminate the jobs, with an average salary of about $60,000, as part of an ongoing global cost-cutting program.
The cuts were made at two Orlando offices and a third in Lake Mary.
Siemens spokeswoman Paula Davis said the work done at the office would be reassigned to a Siemens office in India.
Siemens Shared Services, the accounting division, is also rethinking a decision to bring 637...
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