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17-Nov2017

Siemens planning to cut about 6,900 jobs globally: Report

Siemens is reportedly planning to cut about 6,900 jobs or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.

Most of the cuts, about 6,100, will be made before 2020 at Siemens's Power and Gas division, which once thrived on supplying large gas turbines for electricity generation but has been overtaken by the global surge in solar and wind capacity.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.


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