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Press Release09 March 2016Siemens AGMunich
Siemens drives industrial transformation
At the same time, Siemens is continuing to respond vigorously and responsibly to structural and technological changes in individual businesses and markets. For example, as already announced, increasing competitive intensity in the oil and gas, metals and mining sectors has made a realignment of capacities at Siemens' Process Industries and Drives (PD) Division necessary. A total of about 2,500 jobs worldwide – of which 2,000 are in Germany, primarily in Bavaria – will be affected by the realignment of the Division's two Business Units Large Drives and Process Solutions. However, current locations will be retained.
The main goal of the planned measures is to consolidate the activities and optimize the size of manufacturing locations in Europe in order to improve competitiveness in a market environment that continues to be difficult. For this reason, about 1,000 of the above-mentioned jobs in Germany will be affected by the bundling of specific product lines at individual locations. Plans also call for improving the efficiency of all project work at the Process Solutions Business Unit. The related workforce reductions are to be made in a socially responsible way.
"Plunging demand in raw materials markets has led to a significant intensification of competition, particularly in Asia. To guarantee our competitiveness, we've got to adapt to these conditions," said Jürgen Brandes, CEO of Siemens' Process Industries and Drives Division. "That's why we've got to optimize our manufacturing network worldwide and reduce the number of facilities producing similar or identical products. We've also got to increase the global competitiveness of engineering at our Process Solutions Business Unit."
For this press release
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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Michael Friedrich
Siemens AG
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Günter Gaugler
Siemens AG
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