95 days ago • Posted by William Ramstein

Siemens adapts to Germany's 'Green push' by cutting 7,800 jobs

Siemens  Energy AG will cut roughly a sixth of workers from its gas and power division in the latest sign that the worldwide shift to green energy is upending the fossil-fuel businesses. The company will eliminate 7,800 jobs by the end of its 2025 financial year, including about 3,000 positions in Germany and 1,700 in the U.S. Roughly three-quarters of the reductions will be of management and sales roles. - Bloomberg