Siemens to cut 1,700 jobs in Germany

Siemens cut 1700 jobs in Germany solar unit

Siemens (NYSE: SI) is expected to cut around 1,700 jobs as it restructures its energy business, according to a report from Reuters. The information was originally reported in the German magazine WirtschaftsWoche.

The cuts will affect the unit’s main production facilities in Erlangen and Offenbach as well as a plant in Muelheim an der Ruhr, according to the report. The company’s energy business announced last December it planned to cut 1,100 jobs in Germany as it attempts to lower costs to make its operations more profitable.

Siemens recently announced it would close its solar energy business after failing to find a buyer for the assets.

Read more personnel and staffing news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...