Siemens to Cut 6,000 Jobs in Automation, EV Charging Units
- Siemens plans to cut more than 6,000 jobs worldwide due to weak demand and competitive pressures in key markets like China and Germany, marking the largest layoffs since 2017.
- The job reductions include approximately 5,600 positions in the digital industries, with about 2,600 cuts occurring in Germany.
- Siemens also plans to eliminate 450 roles in its electric vehicle charging business, impacting a total of 1,300 employees in that unit.
- Affected employees in Germany may be offered new roles within Siemens, as some positions will also be lost through retirements.
105 Articles
105 Articles
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Germany's Siemens to cut over 6,000 jobs globally—with half the roles lost in home market
German industrial giant Siemens said Tuesday it planned to cut over 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market. The reductions, about two percent of Siemens's global workforce, will mostly be made in the group's factory automation unit while a small number of positions will be lost in its electric vehicle charging business. "Muted demand primarily in the key markets of China and Germany cou…
Siemens To Slash 6,000 Jobs As Demand Slows In Germany And China - Siemens (OTC:SIEGY)
German industrial major Siemens AG (OTC:SIEGY) has presented plans to streamline operations in response to shifting market conditions. The changes are designed to boost the competitiveness of its automation division at Digital Industries and the electric vehicle charging business within Smart Infrastructure. Siemens is directing its automation business towards expanding markets and as part of this transition, around 5,600 jobs worldwide will be …
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