Siemens to cut up to 5,000 jobs in automation business after downturn

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ZURICH : Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday".

"This means we are going to have a low- to medium-sized four-digit amount which will affect some areas," Busch said.

No exact figure for the job figures has yet been decided, said Siemens, which employs 70,000 in digital industries globally.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: People Busch Digital Siemens Business 2024 Medium-sized Industries Mediacorp Experience Automation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 17:57:47 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23583922

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