Germany's Siemens to cut over 6,000 jobs worldwide ...Middle East

News by : (Daily Sun) -

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.

The “aim is to strengthen the future competitiveness of the businesses affected and enable investments in growth markets,“ it said.

About 5,600 of the job cuts will be made by 2027 in the automation business, which supplies robotics, other machinery and industrial software to factories, with about half the roles lost in Germany.

In its vehicle charging business, the group plans to cut 450 positions from a total of 1,300 employed in the operation worldwide by the end of the current financial year.

German carmakers and their suppliers alike have been facing severe headwinds due to a slowdown in demand for electric cars.

At the end of last year, Siemens employed about 313,000 people worldwide, including about 86,000 in Germany.

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