Germany’s Siemens to cut over 6,000 jobs globally—with half the roles lost in home market

Quick Summary:

The reductions 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.

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

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United StatesChinaGermany

Topics: LondonWires Fortune 500 Europe Employment Siemens Lay offs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 10:48:33 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 88 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27171590

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