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Siemens to cut European jobs, expand UK site

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By Euronews
Siemens to cut European jobs, expand UK site

Siemens plans to cut about two percent of its global workforce.

The German industrial group said 6,900 jobs will go before 2020 at its Power and Gas division, which has been hit by a rapid growth of renewable energy, such as wind and solar power.

Siemens said roughly half of the job cuts would be made in Germany. A further 1,100 positions will be cut across the rest of Europe, and 1,800 in the United States.

Meanwhile Siemens’ expansion plans for Britain will go ahead. It will invest the equivalent of 39 million euros at its largest UK plant in Lincoln which employs 1,500 people.