Siemens IT Solutions and Services will generate sales of about €5 billion and will have about 43,000 people. The 33,000 employees of SBS will be joined by the approximately 7,000 employees of PSE, headquartered in Vienna, and the workforce of 4,000 of India's SISL, of which about half were already involved in SBS. The two software houses Development Innovation and Projects (DIP), headquartered in Greece, and Switzerland's Business Innovation Center (BIC) will add a further 400 employees.
The SBS turnaround program announced in September 2005 will be rigorously continued. Cost cuts of €1.5 billion by the spring of 2007 are part of this program. Against this backdrop, Siemens is currently negotiating with employee representatives and the IG Metall trade union whether to apply the supplementary labor contract in force in Region Germany to the former SBS. Concluding current negotiations is a decisive prerequisite for finalizing the setup of Siemens IT Solutions and Services in Germany.
