In addition to the already known incisions through the restructuring of the Group and in the energy business, announced CEO Joe Kaeser in Munich on Thursday the elimination of other 4500 jobs worldwide, which 2200 “completed on the merits” in Germany.
The reorganization was thus explained Kaeser. The IG Metall reacted angrily and wants, if necessary afford massive opposition to the plans. She insists on the agreements to safeguard jobs.
Group to profitable are
With the job cuts Kaeser will make the Group, which for some time competitors like the US archrival General Electric is lagging behind, profitable. Last Siemens employed a total of 342 000 people, including 114 000 in Germany worldwide. Background of new mining plans are the problems in the energy business and on the restructuring of unprofitable businesses.
In this business are about two-thirds of the job cuts worldwide accounts and the rest in the business of power generation. As the mining distributed at German sites, Kaeser left open. On the stock market lost Siemens papers until the afternoon as one of the weakest Dax values just under two percent.
Siemens is struggling with a difficult market environment
Siemens fights in the power generation sector with a difficult market conditions, including falling prices and a slump in demand for large gas turbines. For the energy business, the Group had therefore already announced that 1200 jobs will be cut. The also previously announced Stellenbau in the course of corporate restructuring changes meanwhile slightly: Originally, 3,300 jobs in Germany to be affected by the conversion, but the number after discussions with employee Represented have reduced to 2900, it was
surplus tripled
Siemens. will “work hard” to achieve the set earnings targets in 2015, Kaeser said in a conference call. Because the environment is “not become easier.” The problem remains, among other things, the division wind energy, where new orders year on year and adjusted for currency effects decreased by a quarter. Overall, Siemens – also thanks to a major contract in the Zugsparte – won more orders
The bottom line is the excess of the Group tripled namely to EUR 3.9 billion -. But that was mainly because that Siemens parts his silverware sold. More than three billion euros collected in the enterprise one that it gave about its interest in the home appliance division BSH to the partner Bosch and had sold his hearing aid business.
Low euro exchange rate should be noticeable
As early as next year, the realignment of the Group to pay and provide for new growth. 2017 then even the problem children – come to an impressive six percent yield of zero – ie those divisions, which together transpose Although 15 billion euros, but this do not make money. In the second half of the current financial year is also the weaker euro should be felt, giving the guessed under pressure margin of the industrial business a major boost
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