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Siemens has initiated its largest layoffs in nearly seven years, cutting 5,600 positions in the digital industrial sector to cope with a market downturn.
Siemens announced on Tuesday that it will lay off 5,600 people in its digital industry division, marking the latest blow to the German industry affected by weak domestic and international demand.
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Siemens Digital Industrial Conglomerates will lay off 5,600 employees globally.
According to the statement, Siemens Digital Industries will lay off approximately 5,600 people globally, of which 2,600 are in Germany. The layoffs in Digital Industries will be implemented before the end of the 2027 fiscal year, and the company's electric vehicle charging Business will lay off 450 people globally, with about 250 in Germany, and the related measures will be implemented before the end of the 2025 fiscal year.
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