Feeds

Siemens ditches consultants

Long walk for men with clipboards

Protecting against web application threats using SSL

Engineering behemoth Siemens is canning contracts with external management consultants in order to cut costs.

Peter Löscher, chief exec of Siemens, told managers last month to cut contracts with external consultants as quickly as possible. Staff should use internal consultants or seek sign-off from the group's chief finance officer, according to the FT. Any such exceptional projects will need to prove a return on investment within the year.

The German engineering group hopes to save about a “middle three-digit million euro sum”. Contracts with the likes of McKinsey and Accenture are likely to be early targets.

Cutting consultants and contractor staff is often the first step for firms looking to cut costs. For companies which don't have many consultant staff but need to cut costs, the usual procedure is to hire some in at vast expense to tell you who to sack.

Siemens had 425,000 staff around the world on 31 December 2008 - three thousand less than at the end of the previous quarter. ®

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.