ZURICH (Reuters) – Siemens may decrease as a lot as 5,000 jobs worldwide in its struggling manufacturing unit automation enterprise, Chief Executive Roland Busch said on Thursday.
“Sometimes we have to do some re-engineering because the developments weren’t as positive as we expected them to be,” said Busch after Siemens reported a 46% plunge in income at its flagship digital industries enterprise.
“This means we are going to have a low- to medium-sized four-digit amount which will affect some areas,” Busch said.
No precise decide for the job figures has however been decided, said Siemens, which employs 70,000 in digital industries globally.
Busch added that he observed long-term potential for the automation market, due to shrinking populations and the low stage of mechanization at small and medium-sized companies.
(Reporting by John Revill and Alexander Huebner; Editing by Miranda Murray)
