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.
The original plans envisaged that Siemens would cut a total of around 2,500 jobs worldwide in the two business units 'Large Drives' and 'Process Solutions', 2,000 of which would 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.
After lengthy negotiations with employee representatives, Siemens has now announced the figures, which have been revised downwards: According to these, a total of "only" 1,700 jobs are now to be cut in Germany. In detail, the following locations will be affected: 130 jobs will be lost at Siemens in Erlangen, 590 jobs will be lost in Nuremberg. In addition, 330 jobs will be lost in Bad Neustadt in Lower Franconia and 600 jobs in Ruhstorf near Passau.
The job cuts are to be staggered over a period of four years until 2020.
You might also be interested in
Siemens acquires stake in Bentley Systems
Siemens and Bentley Systems have agreed a strategic alliance with the aim of driving forward digitalization in complementary business areas. At the same time, Siemens is investing 70 million euros in Bentley.
read more...ABB repositions itself
The ABB Group has launched the third stage of its Next Level strategy. This goes hand in hand with a realignment of the divisions as four entrepreneurial units and a consolidation of the existing ABB brands.
read more...Norbert Gauß strengthens management team
Since September 1, Norbert Gauß has been responsible for the business of Yaskawa's Drives & Motion division for the EMEA region as President & Division Director. He succeeds Albert Shiina in this role and has also been appointed Co-Managing...
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...New CEO at 'Power Generation Services'
Tim Oliver Holt will take over as CEO of Power Generation Services at Siemens from October 1, 2016. He succeeds Randy Zwirn, who helped shape the Power Generation division for almost 20 years.
read more...New record level of incoming orders
Siemens has announced its figures for the third quarter of 2016. On the positive side, earnings in the industrial business increased by 20% compared to the same quarter of the previous year. The negative: Things are anything but going well in the...
read more...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 are being cut as a result.
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...