Up To 5,000 Siemens Jobs At Risk Amid Factory Automation Challenges

Siemens may be reducing its global workforce by up to 5,000 employees within its factory automation division, according to CEO Roland Busch. The announcement follows a significant 46 per cent decline in profit within Siemens' core digital industries business. Busch cited unexpected challenges in certain areas, stating that the company needs to "re-engineer" to adapt to the slower-than-anticipated developments.

Although Siemens employs around 70,000 people in its digital industries division worldwide, the anticipated layoffs are expected to impact a "low- to medium-sized four-digit" number of jobs. Despite these immediate challenges, Busch emphasised the long-term growth potential in factory automation, noting demographic shifts and low mechanization rates among small and medium-sized businesses as future opportunities.