(ANSA-AFP) - FRANKFURT AM MAIN, FEB 2 - German group Siemens
Energy said Tuesday it will cut 7,800 jobs over the next four
years so as to reduce costs in a rapidly changing global energy
market. It said the measures are aimed at improving the
company's "competitiveness by enhancing the long-term cost
structure". "Optimized processes, leaner structures, the
reduction of overcapacities and portfolio adjustments will
result in the reduction of approximately 7,800 jobs around the
world in the Gas and Power segment", it said in a statement. In
total, about one employee in 12 will be affected in a group
which employs some 90,000 people. Around 3,000 jobs would be
eliminated in Germany, 1,700 in the United States and 3,100 at
other locations. Around three-quarters of the cuts, planned by
the end of the 2025 financial year, will be made in management,
administration and sales. "The energy market is significantly
changing which offers us opportunities but at the same time
presents us with great challenges," said CEO Christian Bruch.
(ANSA-AFP).
© Copyright ANSA - All rights reserved