Article content

Siemens AG is planning to cut about 6,900 jobs and close at least two sites as Europe’s biggest engineering company attempts to turn around its struggling power and gas division after a sharp drop in orders.

Half of the 6,900 jobs being eliminated will be in Germany, the Munich-based company said in a statement on Thursday. 6,100 of the jobs will be cut in the power and gas division, with the rest coming in the process-industries-and-drives and power-generation divisions.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Siemens to cut 6,900 jobs amid power industry ‘disruption of unprecedented scope and speed’ Back to video

Siemens board member Lisa Davis said that “the power generation industry is experiencing disruption of unprecedented scope and speed,” with renewable energy sources placing “increasing pressure” on other forms of electricity generation.

The company’s Goerlitz and Leipzig sites are slated to be closed, while the solutions business of the Offenbach and Erlangen locations will be combined. Options are still on the table for a location in Erfurt, including a sale, Siemens said in the statement. About 640 jobs will be cut at a site in Muellheim, and another 300 in Berlin.