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Siemens to Cut Over 6,000 Jobs Worldwide
The Straits Times
|March 20, 2025
German industrial giant Siemens said on March 18 that it planned to cut more than 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market.
FRANKFURT -
The reductions, about 2 percent of Siemens' global workforce, 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.
It is the biggest number of layoffs announced by Siemens since 2017, with 2,600 of the jobs being axed in Germany, although Siemens said it was still committed to its home country as a business location.
German industrial giants are pushing ahead with cost savings measures in response to weak demand and eroding profitability. Volkswagen's Audi on March 17 said it was cutting 7,500 jobs in administration.
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