Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German industrial group Siemens has announced a restructuring plan that includes cutting 6,000 jobs globally by September 2027.
The layoffs will affect about 2,850 positions in Germany. The Digital Industries (DI) division, particularly its automation business, will be most affected. Some 5,600 jobs, including 2,600 in Germany, are to be eliminated by the end of September 2027 in the automation business belonging to the DI division. Another 450 jobs are to be eliminated by the end of September 2025 in the business with charging solutions for electric vehicles, which Siemens plans to spin off, including 250 in Germany. According to the sources, the reduction will take place in Germany without compulsory redundancies.
Siemens cites weak demand, high inventory levels, and increased competitive pressures, especially in Germany and China, as key factors driving the restructuring. The company aims to rebalance its operations by focusing on growth sectors such as aerospace, defence, and industrial processing and an increase focus on the Asian and United States markets. Despite the strong financial performance, the job cuts have faced criticism from labour unions, which argue for reskilling and workforce development instead of layoffs. Siemens maintains that these measures are necessary to ensure long-term competitiveness in a challenging market environment.
Siemens employs about 312,000 worldwide.
Eurofound (2025), Siemens, Internal restructuring in World, factsheet number 202521, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202521.
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