Siemens has announced plans to adjust its workforce and business strategies in response to changing market demands. The company aims to enhance competitiveness in its automation and electric vehicle charging sectors.
The industrial automation business has faced reduced orders and revenue due to muted demand in key markets like China and Germany, along with increased competitive pressures. Siemens plans a structural adjustment of capacities, including realignment of sales activities, cross-unit collaboration in product development, and flexible steering of its global factory network. These changes are expected to affect approximately 5,600 jobs globally within the Digital Industries division by the end of fiscal 2027. Of these, around 2,600 job reductions are anticipated in Germany.
In addition, Siemens is focusing on its electric vehicle charging business amid strong price pressures and limited growth potential for low-power charging stations. The company intends to carve out this business segment to better leverage opportunities in fast-charging infrastructure for depots and fleets as well as en-route charging. Approximately 450 jobs will be affected worldwide by the end of fiscal 2025, with about 250 positions impacted in Germany.
Despite these adjustments, Siemens remains committed to maintaining a strong presence in Germany. The company plans significant investments totaling €1 billion in the country as part of a broader €2 billion global investment initiative aimed at strengthening growth and innovation.
Job placement within Siemens will play a crucial role during this transition period. The company currently has over 7,000 open positions globally, including about 2,000 vacancies in Germany alone. Additionally, employees may have opportunities for re- or upskilling.
Siemens' commitment includes substantial investments such as €500 million earmarked for a new campus dedicated to research and high-tech manufacturing in Erlangen, Germany. This facility will serve as a global center for development and manufacturing initiatives aimed at driving technological advancements.