Siemens: Digital Industries measures to impact up to 4,900 jobs
Siemens' Digital Industries said it "intends to strengthen its businesses in industrial digitalization and further expand its market leadership. The goal is to grow 25 percent faster than the market. As a result, up to 12,000 new employees are to be hired worldwide,primarily in production, research and development, and sales. Profitability will be optimized, for example, through the integration of two former Divisions, the improvement of internal processes in areas such as logistics, simplified controlling and the increased use of the company's own industrial software portfolio. These measures will also have a structural impact on jobs since different qualifications will be required in some cases. Up to 4,900 jobs worldwide will be affected by the measures. DI's management expects to incur restructuring charges of EURO$300 million by 2023. All in all, DI expects additional growth to generate about 7,000 jobs by 2023."