Siemens is exploding 7400 people worldwide

According to foreign media reports, informed sources revealed that Germany's Siemens company is about to launch layoffs around the world, affecting 7,400 people, of which 3,300 employees will be laid off in Germany. This is also part of the slimming plan of Siemens CEO Joey Cather.

It is understood that Siemens currently has 34,300 employees worldwide, of which 1,500 are based in Germany. The layoff plan will affect 7,400 people worldwide, including 3,300 German employees.

Last year, Joey Kaiser said that Siemens urgently needed to reduce its 1 billion euros (about $1.34 billion) by restructuring its corporate structure and streamlining local businesses. He believes that the restructuring plan may affect 11,600 people, and the final number of layoffs needs to be negotiated with union representatives.

In September 2013, Cather has announced the layoffs of 15,000 people, including 1,200 people in the power and gas sector. In addition, Siemens also sells its hearing aids, medical information technology and microbiology departments.

As of press time, Siemens has not commented on this news.

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