Siemens to Cut 1700 Jobs
In the same period, 9000 new positions will be created across various other divisions, and employees affected by the changes will be encouraged to apply elsewhere within the company. It is hoped employees reaching retirement age and other natural staff reductions may help ease the effect of the efficency drive. Foreced redundancies are not expected.
Siemens has had other major staff reductions in recent years, but as of 2016, its annual report states there are 350,000 employees worldwide.