Overview

• Siemens is cutting 6,000 jobs worldwide, including 2,850 in Germany, citing weak demand and market challenges in key sectors.
• The Digital Industries division will see the largest impact, with 5,600 positions eliminated globally due to reduced demand in China and Germany and high inventory levels.
• 450 jobs will be cut in the electric vehicle charging solutions business, including 250 in Germany, as the unit faces strong price competition and limited growth potential.
• Siemens aims to maintain overall employment levels in Germany by hiring in growing areas and avoiding forced layoffs through early retirement and retraining programs.
• Employee representatives and unions have criticized the cuts, arguing they undermine trust and conflict with Siemens' stated growth strategy.