Siemens to cut some 6,000 jobs worldwide, including 2,850 in Germany
Siemens announced on Tuesday that it will cut around 6,000 jobs globally, including 2,850 in Germany. The majority of these cuts will affect the automation business within the Digital Industries division, as well as the electric vehicle charging sector.
- Economy
- DPA
- Published Date: 05:48 | 18 March 2025
Siemens said on Tuesday it is cutting around 6,000 jobs worldwide, including 2,850 in Germany.
The bulk of the cuts are coming from the automation business, which is part of the Digital Industries division. The electric vehicle charging business is also affected.
Chief executive Roland Busch had announced job cuts in the low-to-mid four-digit range in autumn, and now there are concrete figures.
The company has been suffering from high inventory levels at customers and dealers, which has led to weak demand and poor capacity utilization.
Turnover in the automation business has recently fallen significantly. So far, however, Siemens is expecting an improvement in the current year.
Overall, the business at the conglomerate is solid. In the first quarter, it posted a profit of €2.1 billion ($2.3 billion)