Siemens to cut over 3,000 global jobs, including in Pakistan

As many as 200 jobs in Pakistan to be cut as a factory is closed.


Afp April 11, 2013
Siemens plans to cut jobs in its industrial division.

BERLIN: German engineering giant Siemens said on Thursday that it is planning to cut over 3,000 jobs globally in its industrial division as part of a vast plan to save $8 billion as it faces falling profits.

In a presentation published on its website, the company said 500 jobs would be cut at its Munich headquarters, while a further 500 positions would be lost by reducing mechanics factories in Germany from four to two.

The closure of a factory in Pakistan would result in 200 job losses and another 200 positions would be moved from Germany to the Czech Republic. In addition 1,700 sales positions would be lost.

Siemens, which is Europe's largest engineering and electronics company, is facing growing profit losses and is targeting 1.1 billion euros in productivity gains in its industrial division by the end of 2014, unit head Siegfried Russworm said.

At the end of 2012 the group announced some 1,100 job cuts in Germany in its energy division.

COMMENTS (7)

G. Din | 11 years ago | Reply

@Gulam Rasool "Kuldeep sharma": "@G. Din surely then you are not from Engineering/Technological background. am i wrong?" I am sorry to say you are indeed wrong. I am mostly involved in heavy engineering. I was also overawed by this hype for a long time until I had personal exposure to "German engineering" in its home country and was hugely disappointed. Germans could lay claim to excellence in engineering in the past, but not any more after the war. Just after independence, India invited three countries to build steel plants; Russia built Bhillai, UK built Durgapur and Germany built Rourkela. Out of those three, Bhillai was the most successful, Durgapur reasonably so but Rourkela was a dud. What is more, when asked to help their plant run, Germans excused themselves saying Indians were not capable enough to run that plant. Of course we made it run eventually with the help of Russians.

Sexton Blake | 11 years ago | Reply

@Harry: Dear Harry, Perhaps my maths are getting rusty, but I counted 5800 jobs. In Pakistan they did say 200 jobs, but if you count the allied industries who will need to lay off staff the number grows. When I studied economics, disinvestment, or investment, grew by a factor of 7, so let us say about 1400 jobs. If every person has 5 dependents the figure grows to 7,000 people who will face an uncertain future if not hunger and misery. If you take the real figure of 5800 it really means that 203,000 people, somewhere in the world, are in trouble. Hardly insignificant.

VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ