Siemens to lay off 6,900 jobs worldwide

20 November 2017 (Last Updated November 20th, 2017 11:14)

Siemens has revealed plans to cut 6,900 jobs at its power and gas division (PG), the power generation services division (PS), and the process industries and drives division (PD).

Siemens has revealed plans to cut 6,900 jobs at its power and gas division (PG), the power generation services division (PS), and the process industries and drives division (PD).

The proposed cuts are expected to take place over a period of around three years. It will include 6,100 jobs at Siemens’ PG division worldwide, 2,600 jobs in Germany, and the closure of the Görlitz and Leipzig sites, which currently employ a total of 920 people.

Siemens also plans to close its solutions business at Offenbach and Erlangen locations in Germany.

In addition, the company is further reviewing a workforce reduction plan for its Erfurt site, alongside the reduction of roughly 640 jobs in Mülheim an der Ruhr and around 300 positions in Berlin, Germany.

“Renewables are putting other forms of power generation under increasing pressure.”

The restructuring measures are set to eliminate more than 1,100 jobs in other European countries and will also impact 2,500 jobs across various Siemens sites outside of Europe.

Siemens managing board member Lisa Davis said: “The power generation industry is experiencing disruption of unprecedented scope and speed.

“With their innovative strength and rapidly expanding generation capacity, renewables are putting other forms of power generation under increasing pressure. Today’s action follows a nearly three-year effort to right-size the business for this changing marketplace.

“Our plan is to execute these changes in a fast and prudent manner while also investing in future-oriented technologies. We’re committed to growing this business and to being a capable and reliable partner for our customers in order to help ensure their long-term success.”