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Siemens to cut up to 5000 jobs
Siemens to cut up to 5,000 jobs in automation business after downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be,
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 to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division. The news comes from CEO Roland Busch, after the company's digital industries sector saw a major profit drop. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch said.
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.
Siemens stock surges
Siemens flags tough times ahead after Q4 profit beat
Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter earnings slightly ahead of forecasts.The company, whose products range from industrial controllers and software to trains,
Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up
Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday
Siemens stock surges after Q4 profit beat, flags rising global risks
By John Revill ZURICH (Reuters) -Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global political and trade tensions.
Impacts
19h
Siemens Reports Strong Q4 FY 2024 Results Surpass Market Expectations
Siemens reported strong Q4 FY 2024 results, surpassing market expectations. Takeaway Points Siemens reports strong Q4 FY 2024 ...
18h
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.
CRN
14d
Siemens CEO: $10B Buy Of Altair To Create ‘World’s Most Complete AI-Powered Design And Simulation Portfolio’
Siemens AG acquisition of Altair for $10.6 billion will boost software, AI, design and simulation technology, HPC and data ...
1d
Siemens Sees Data Center Boom Helping Offset Automation Slump
Siemens AG expects solid revenue growth next year as strong demand for its electrification infrastructure products offsets a ...
14d
on MSN
Siemens' $10.6 Billion Altair Deal Strengthens Its Industrial Software Offering
(Reuters) -Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position ...
22h
Siemens Shares Hit Record as Data Center Boom Drives Orders
Siemens AG’s shares rose to a record after the company said the boom in power hungry data centers will drive demand for its ...
14d
Siemens To Buy Altair For $10.6B To Boost Industrial Software Portfolio
Siemens will be acquiring Altair for $10.6 billion in a move to strengthen its presence in the industrial software market.
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