Siemens AG is cutting roughly 6,000 positions company-wide, mainly in its Digital Industries business unit that develops and manufactures industrial automation hardware and software, and offers digitalization technology and services. CEO Roland Busch anticipated 5,000 job cuts late last year when Siemens reported a -46% drop in revenue for that operating unit.
Now, Siemens has put the number of redundancies for Digital Industries at 5,600, or 8 percent of the total employment for that segment.
The entire engineering group has 312,000 employees total across all of its business, but the industrial automation business has been hampered by prolonged weak demand, especially in Germany and China. "The German market in particular has been in decline for two years. Capacities in Germany must therefore be adjusted," according to a group statement.
In contrast, Siemens recently documented two U.S. expansions worth $5 million for its industrial automation business in the U.S.
“We believe in the innovation and strength of America’s industry,” Busch stated earlier this month. “That’s why Siemens has invested over $90 billion in the country in the last 20 years. This year’s investment will bring this number to over $100 billion. We are bringing more jobs, more technology and a boost to America’s AI capabilities.”
Siemens also will cut 450 jobs from its electric vehicles charging business, or about one-third of the total employed in that unit. That business, Siemens eMobility develops and supplies EV charging infrastructure (AC and DC chargers), charging software, and services
Earlier last fall, Siemens put forth a plan to combine the EV charging business with a DC charging business called Heliox, which it purchased in January 2024. Heliox is focused on prodcing chargers for electric commercial vehicles and buses.
