German industrial giant Siemens announced on Tuesday its plan to cut over 6,000 jobs worldwide, representing about 2 percent of its global workforce.
In a statement released on its website, Siemens outlined intentions to restructure the capacity of its automation and electric vehicle charging business to invest in growth-oriented sectors and bolster future competitiveness.
According to the statement, "global demand for automation technology is intact over the long term," while the growth focus is shifting away from current major markets including Germany. Coupled with intensified competitive pressures, the industrial automation business is projected to see significant reductions in orders and revenue starting from the 2023 fiscal year.
By the end of the fiscal year on September 30, 2027, Siemens plans to cut around 5,600 positions globally within its automation division, with approximately 2600 roles in Germany set to be affected.
Meanwhile, the company indicated a strategic shift towards areas like fast-charging infrastructure due to limited growth potential in low-power charging stations. As a result, by the end of the 2025 fiscal year, the company plans to reduce around 450 positions out of the 1,300 people in its electric vehicle charging business, including about 250 in Germany.
Siemens stated its commitment to assisting the people affected in Germany in "job placement inside the company," acknowledging that "people employed at Siemens' locations in Germany will also retire for age reasons."
As of the end of last year, Siemens employed approximately 313,000 people globally, with around 86,000 employees based in Germany.
Siemens to cut over 6,000 jobs worldwide in restructuring of automation, EV charging business
Russia's Ministry of Defense announced on Saturday that its forces conducted strikes against various Ukrainian military targets over the past day, while Ukraine's General Staff reported hitting Russian personnel and equipment concentrations, and an oil depot within Russia.
According to the Russian Ministry of Defense, Russian forces targeted industrial, energy, and transportation infrastructure used by Ukrainian troops, as well as storage facilities for unmanned boats and long-range drones. Strikes also hit temporary deployment points for Ukrainian armed forces and foreign mercenaries in 152 areas.
Russian air defense systems shot down 12 guided aerial bombs and 259 fixed-wing unmanned aerial vehicles.
Meanwhile, the General Staff of the Armed Forces of Ukraine stated on the same day that 173 combat engagements occurred along the front lines. Ukrainian forces attacked multiple Russian personnel and equipment concentration areas, drone control points, and shot down 2,014 Russian drones.
Additionally, Ukraine's National Security and Defense Council reported on Saturday that an oil depot and an oil pumping station within Russian territory were struck by Ukrainian forces in the early hours of the day.
The Orthodox Easter ceasefire with Ukraine announced by Russian President Vladimir Putin began on Saturday afternoon and will continue until Sunday midnight.
Russian President Vladimir Putin announced Thursday an Orthodox Easter ceasefire with Ukraine, set to run from 16:00 on April 11 till the end of the day on April 12, the Kremlin said in a statement on Thursday.
Ukrainian President Volodymyr Zelensky said Friday that Ukraine is ready for "symmetrical steps" if Russia adheres to an Orthodox Easter ceasefire.
Russia claims striking on Ukrainian targets, Ukraine reports hitting Russian oil depot
