Siemens could cut thousands of jobs worldwide in its digital industries business, whose profit fell 27.6% in its 2024 financial year, due to the decline in industrial automation.
“We will have to make one or two adjustments globally,” Siemens CEO Roland Busch said Thursday of the digital industries division. during the press conference on the occasion of the presentation of its financial results.
As he explained, company projects They plan to cut a number of jobs in the 5-4 digit range worldwide, which would mean up to 5,000 jobs could disappear in this division, although they will try to find “good offshoring solutions” in improving qualifications or training.
When asked about the specific case of Germanythe official assured that he did not believe it was a large-scale program.
In any case, the manager did not want to confirm for the moment the precise number of jobs that will be affected and declared that he would communicate it in due course.
Siemens won 8,301 million euros during its 2024 financial year – between October 2023 and September 2024 -, 4.4% more than a year earlier, after growth in turnover, but a drop in orders due to the decline in business activity. industrial automation.
After 8:45 a.m. GMT, The company’s shares rose more than 7% on the Frankfurt Stock Exchange.
