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Siemens to Cut up to 5,000 Jobs in Automation Business
Siemens to Cut up to 5,000 Jobs in Automation Business After Downturn
ZURICH (Reuters) - Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
Siemens to cut up to 5000 jobs: "Sometimes we have to do some re-engineering," says CEO
Siemens, facing a 46% profit drop in its digital industries division, plans to cut up to 5,000 jobs. CEO Roland Busch cited the need for restructuring amid unexpected negative developments. Despite this,
Siemens layoffs: Tech giant may cut up to 5,000 jobs amid ongoing struggles
German tech conglomerate Siemens may cut up to 5,000 jobs globally in its factory automation sector owing to ongoing struggles, reported news agency Reuters. CEO Roland Busch announced the potential cuts on Thursday.
Siemens Energy raises mid-term outlook
Siemens Energy Lifts Midterm Targets on Power Demand Boom
Siemens
Energy raised its midterm targets as the German energy company bets on a boom in global power demand amid rising electrification, industrial decarbonization and artificial-intelligence applications. The utility-sector supplier also logged a new ...
Siemens Energy price target raised to EUR 48 from EUR 40 at Citi
Citi analyst Vivek Midha raised the firm’s price target on Siemens Energy (SMNEY) to EUR 48 from EUR 40 and keeps a Neutral rating on the
Siemens Energy Boosts Midterm Targets
Siemens Energy AG’s shares surged the most on record after the company lifted its midterm targets, citing growing demand for its grid technologies that offset losses at its beleaguered wind-turbine division.
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5m
Siemens Layoffs: Tech Firm Likely To Fire 5,000 Employee Amid Ongoing Challenges
While no final decision has been made regarding the exact number of job cuts, Busch's comments suggest a clear need for ...
22h
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it ...
22h
on MSN
Siemens stock surges after Q4 profit beat, flags rising global risks
By John Revill ZURICH (Reuters) -Siemens stock surged on Thursday after the engineering company posted better than expected ...
20h
Siemens Posts Record Profits But Warns On Trade Tensions
German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months.
21h
on MSN
Siemens Posts Higher-Than-Expected Profit Increase
The industrial conglomerate reported a higher net profit for the fourth quarter of its fiscal year, beating market views, ...
Reuters on MSN
1d
Siemens flags geopolitical risks ahead after profit falls
ZURICH, Nov 14 (Reuters) -
Siemens
(SIEGn.DE), opens new tab reported a drop in profit at its industrial business on ...
Yahoo
1d
Siemens flags political risks ahead after profit falls in fourth quarter
A sign with the logo of
Siemens
company is on display outside its office in Moscow ZURICH (Reuters) -
Siemens
reported a ...
20h
Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up
Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday ...
2d
Siemens Energy raises mid-term outlook as turnaround gathers pace
Siemens Energy on Tuesday said its operating profit narrowed in the fourth quarter, mainly boosted by an improved performance ...
Impacts
20h
Siemens Reports Strong Q4 FY 2024 Results Surpass Market Expectations
Siemens reported strong Q4 FY 2024 results, surpassing market expectations. Takeaway Points Siemens reports strong Q4 FY 2024 ...
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1d
Trump's proposed tariffs will lead to higher global inflation, Siemens CEO says
Roland Busch, CEO of
Siemens
, says President-elect Donald Trump's proposed tariffs are set to push up inflation and lead to ...
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