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Siemens to Cut up to 5,000 Jobs in Automation Business
Siemens to Cut up to 5,000 Jobs in Automation Business After Downturn
ZURICH (Reuters) - Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
Siemens to cut up to 5000 jobs: "Sometimes we have to do some re-engineering," says CEO
Siemens, facing a 46% profit drop in its digital industries division, plans to cut up to 5,000 jobs. CEO Roland Busch cited the need for restructuring amid unexpected negative developments. Despite this,
Siemens layoffs: Tech giant may cut up to 5,000 jobs amid ongoing struggles
German tech conglomerate Siemens may cut up to 5,000 jobs globally in its factory automation sector owing to ongoing struggles, reported news agency Reuters. CEO Roland Busch announced the potential cuts on Thursday.
3h
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it ...
Hosted on MSN
21h
Siemens shares power to record high after Q4 profit topper; flags likely job cuts
Siemens
(OTCPK:SIEGY) +5.6% in Frankfurt trading Thursday to a record high after reporting better than expected Q4 results ...
Reuters on MSN
1d
Siemens flags geopolitical risks ahead after profit falls
ZURICH, Nov 14 (Reuters) -
Siemens
(SIEGn.DE), opens new tab reported a drop in profit at its industrial business on ...
20h
on MSN
European Stocks Rise on Bullish Outlooks from ASML, Siemens
European stocks rebounded as bullish outlooks by both Siemens AG and ASML Holding NV helped the market recoup some of the ...
1d
Siemens Extends Contract of Management Board Member Rebellius
ZURICH (Reuters) - Siemens has extended the contract of managing board member Matthias Rebellius for one more year until ...
2d
Siemens Energy raises mid-term outlook as turnaround gathers pace
Siemens Energy on Tuesday said its operating profit narrowed in the fourth quarter, mainly boosted by an improved performance ...
Wall Street Journal on MSN
2d
Siemens Energy Lifts Midterm Targets on Power Demand Boom
Siemens
Energy raised its midterm targets as the German energy company bets on a boom in global power demand amid rising ...
1d
Siemens Energy surges after record Q4 order intake, raised medium-term targets
Siemens Energy surges on Q4 results including record orders and upgraded financial targets, despite challenges in wind ...
1d
Siemens Posts Record Profits But Warns On Trade Tensions
German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months.
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Siemens plugs Enemalta digital transformation move
Siemens promised to improve energy management in Malta by providing software for a digital transformation by local utility ...
New Electronics
3h
Siemens unveils next generation AI-enhanced Electronic Systems Design software
Siemens Digital Industries Software has announced the latest advances in its electronic systems design portfolio.
Hosted on MSN
1d
Trump's proposed tariffs will lead to higher global inflation, Siemens CEO says
Roland Busch, CEO of
Siemens
, says President-elect Donald Trump's proposed tariffs are set to push up inflation and lead to ...
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