Siemens
Job cuts at 'Process Industries and Drives'
The increasing intensity of competition in the oil & gas, metals and mining sectors is forcing Siemens to reorganize its capacities in the process industry and drives. In Germany, 2,000 jobs will be cut as a result.
According to Siemens, the planned measures are essentially about concentrating the work content and size of the production sites in Europe in order to improve competitiveness in a persistently difficult market environment. Around 1,000 jobs in Germany will therefore be affected by the bundling of certain product lines at individual locations. In addition, the entire project processing in the Process Solutions business unit is to be organized more efficiently.
Ultimately, a total of around 2,500 jobs are to be cut worldwide in the two business units Large Drives and Process Solutions, 2,000 of which will be in Germany with a focus on Bavaria. Around 700 jobs are to be affected at the Ruhstorf site near Passau, around 350 in Bad Neustadt/Saale, around 750 in Nuremberg and around 150 in Erlangen. However, the existing locations are to be retained.
Despite the announced job cuts at 'Process Industries and Drives', Siemens intends to press ahead with its transformation into a digital industrial company following the completion of the Group's restructuring, according to CEO Joe Kaeser. With the announced increase in investments in research and development, productivity and global sales amounting to more than one billion euros, the number of new hires will also remain at a high level in the coming years. Siemens expects to recruit at least 25,000 new employees worldwide each year in the coming years, including around 3,000 in Germany.
You might also be interested in
Siemens / Process Industries and Drives
Job cuts under wraps
In March, Siemens announced its intention to cut 2,000 jobs across Germany in the Process Industry and Drives division. The final figures have now been finalized - slightly less than initially announced.
read more...Chief Technology Officer Siegfried Russwurm leaves
Siegfried Russwurm, member of the Managing Board of Siemens, will not extend his contract, which expires at the end of March 2017. This decision was made by mutual agreement between Russwurm and the Supervisory Board of Siemens.
read more...Strong result in industrial business
In the second quarter of fiscal year 2016, order intake at Siemens rose by 7% to €22.3 billion - an increase of 10% after adjusting for currency translation effects. The Group significantly improved its earnings in the Industrial Sector.
read more...Bonfiglioli looks back on a record year
With a turnover of EUR 730 million in 2015, Italian drive specialist Bonfiglioli has reported the record year in its almost sixty-year history. After 653 million euros in 2014, this represents growth of almost 12%.
read more...The new products from Siemens
Siemens is expanding its offering for the 'Digital Enterprise' - the end-to-end digital company. At Hannover Messe 2016, the company will be showcasing innovations in power distribution, automation and drive technology as well as industrial software.
read more...Cooperation between Siemens and IBM
The Siemens Building Technologies Division and IBM have announced cloud-based solutions to maximize the potential of connected buildings and the data they generate.
read more...The fourth quarter and 2015 as a whole
ABB published its business figures for the fourth quarter and full year 2015 at the beginning of February. The figures were down, mainly due to the Industrial Automation and Drives and Process Automation divisions.
read more...Siemens and UL Solutions digitize certification process
For the first time, an industrial product was certified for the USA after some of the required tests were digitally simulated and the results confirmed by physical tests. This was made possible with the help of the digital twin.
read more...Strong finish to the 2023 financial year
According to Siemens, revenue and order intake increased by 10% and 6% respectively on a comparable basis in the fourth quarter of 2023. In the Industrial Business, Siemens recorded its highest earnings and profitability figures ever.
read more...