Siemens AG Plans Significant Job Cuts

In a bold move to bolster its competitiveness, Siemens AG has announced plans to lay off more than 6,000 employees worldwide. This includes 5,600 positions in the automation sector, with approximately 2,600 of these cuts occurring in Germany, and an additional 450 jobs in the electric vehicle charging business globally.

Focus on Re-skilling and Internal Job Placement

Siemens emphasizes its commitment to supporting affected employees through re-skilling and upskilling opportunities. The company also highlights the importance of internal job placement in mitigating the impact of these workforce reductions.

Timeline for Implementation

The workforce adjustments in the automation sector are expected to be completed by the end of fiscal 2027, while the reductions in the electric vehicle charging business are slated for completion by the end of fiscal 2025.