SiemensGerman concern from the energy, electrotechnical and telecommunications industries intends to dismiss 5,600 employees in its Digital Industries sectionthe company announced on Tuesday. Planned exemptions constitute just over 8 percent with 68 thousand people employed in Digital Industries All over the world, “Reuters said.
The company informs that planned cuts at Siemens Digital Industries are the result of a decline in orders and revenues over the last two years in key markets in China and Germany.
The agency reminds that the currently planned wave of layoffs is the largest reduction of jobs announced by Siemens since 2017, when the layoffs were to apply to 6,900 employees, half of which were planned in German branches. Finally, 2,600 jobs were liquidated in Germany alone.
Wave of layoffs in the German industry
Siemens signaled the reduction of employment for the first time in November last year, while in the last quarter Siemens’s profit in the digital industries fell by a third – reminds Reuters.
Meanwhile on Monday Audi car manufacturer has announced its plan to liquidate 7,500 jobs in administration.
Alone Volkswagen also launched cost reduction program covering 35,000 exemptionswhile Porsche plans to liquidate 3,900 jobs.
Siemens Also on Tuesday he announced that eliminates 450 jobs in its company charging electric vehicleswhich is one third of the total workforce in this section.
