Joe Kaeser, CEO of Siemans, Chancellor Merkel gives early this year a tour in an electronics factory of Siemens in Amberg, Germany. Photo EPA / Armin Weigel
The German industrial group Siemens worldwide deletes again thousands of jobs, as the company announced today. It involves 4,500 jobs, 2,200 of them in their own country. A company spokesman could not say whether jobs are lost in the Netherlands, ANP news agency message.
In the Netherlands, Siemens employs approximately 2,300 jobs, employs approximately 342,000 people at the company. The layoffs Siemens will reduce costs by approximately 1 billion. According to CEO Joe Kaeser is the reorganization of the group with the latest cut “largely complete”.
Siemens is already more than two years to slim down and reorganize, in 2013 lost 15,000 jobs last year there were 10,000 work places less, and earlier this year the company announced
to 7,300 jobs deleted. Siemens was active in various sports and counted sixteen divisions with many layers of management. Kaeser has opted for a clear focus on electrification, automation and digitalization. The number of departments has been reduced to nine.
The profitability in the industrial activities still needs to be improved according to the CEO. The group saw its profits in this branch last quarter at an annual rate of about 5 percent decline to 1.7 billion euros. Thus, the company performed worse than analysts had expected. Siemens seems to have suffered from low oil prices at the moment.
The total net income or was sharply higher at 3.9 billion euros against 1.2 billion in the same quarter last year. The big plus is greatly inflated by the sale of parts, including the sale of the division that makes hearing aids. Which provided 1.6 billion euros. An interest in BSH, which was done by hand, spent 1.4 billion euros in cash.
The turnover of the group climbed last quarter by more than 8 percent to 18 billion euros. This increase was mainly attributable to favorable currency effects. The order intake grew substantially, by 16 percent to almost 21 billion euros. Siemens was among more major orders for its train section
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