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Energy Sector: Siemens reduces fewer jobs than planned

2019-09-25T13:58:42.204Z


Siemens wants to bring its troubled energy sector to the stock market next year. Before, more than a thousand jobs will be canceled. However, less than initially announced.



The industrial group Siemens is cutting fewer jobs in Germany than originally planned. Instead of 1400 jobs, only 1100 jobs in the crisis energy sector should be eliminated, said a company spokesman.

In Erlangen, the most affected location, 450 jobs are to be canceled and not 600 as previously announced. In the Schaltwerk Berlin, the number changes from 470 to 410.

Siemens will therefore reduce its workload at the Trafowerk Nuremberg by around 130 jobs. So far, more than 160 jobs were mentioned here, which should be discontinued. At the Dresden location only 60 instead of the previously planned 70 jobs are to be canceled. There are no operational layoffs.

Energy sector is due to go public in 2020

According to the so-called Radolfzell Agreement, redundancies at Siemens can only be made in agreement between the company management, IG Metall and the works council. "Our goal is to reach consensual solutions," the spokesman said.

There are a whole range of opportunities such as training, transfer, early retirement and partial retirement models and severance payments to bear. The reduced mining plans are the result of a compromise with the employee side, said the spokesman.

In June, Siemens announced in its troubled energy business that it would cut 2700 jobs worldwide. The "Gas and Power" division also includes the transformer and switchgear business. In the coming year, Siemens wants to bring the division to the stock market.

Source: spiegel

All business articles on 2019-09-25

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