German technology company Siemens plans to cut around 6,000 jobs worldwide, including 2,850 in Germany, according to a press release published on the company's website.
The cuts will affect the automation sector and the electric vehicle charging station business. Siemens became the second major German company in the past 24 hours to announce plans for mass layoffs. On Monday evening, Audi Group announced its intention to cut a total of 7,500 jobs in Germany by the end of 2029 as part of a cost-cutting program.
Siemens AG is one of the leading manufacturers of electronics and electrical engineering, operating in areas such as information technology and communications, automation and control systems, energy, transportation and healthcare. The company employs over 300,000 people worldwide.