Siemens Confirms 6,000 Global Job Cuts, Targeting Key Divisions

The restructuring focuses on Digital Industries and EV charging units, with 2,850 jobs affected in Germany, while avoiding forced layoffs through retraining and early retirement.

• Siemens is cutting 6,000 jobs worldwide, including 2,850 in Germany, citing weak demand and market challenges in key sectors.
• The Digital Industries division will see the largest impact, with 5,600 positions eliminated globally due to reduced demand in China and Germany and high inventory levels.
• 450 jobs will be cut in the electric vehicle charging solutions business, including 250 in Germany, as the unit faces strong price competition and limited growth potential.
• Siemens aims to maintain overall employment levels in Germany by hiring in growing areas and avoiding forced layoffs through early retirement and retraining programs.
• Employee representatives and unions have criticized the cuts, arguing they undermine trust and conflict with Siemens' stated growth strategy.

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