Siemens to cut up to 5000 jobs
Siemens to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division. The news comes from CEO Roland Busch, after the company's digital industries sector saw a major profit drop. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch said.
Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting ...
Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday ...
Siemens reported strong Q4 FY 2024 results, surpassing market expectations. Takeaway Points Siemens reports strong Q4 FY 2024 ...
German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months.
Siemens AG acquisition of Altair for $10.6 billion will boost software, AI, design and simulation technology, HPC and data ...
(Reuters) -Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position ...
Siemens AG’s shares rose to a record after the company said the boom in power hungry data centers will drive demand for its ...
German engineering giant Siemens AG has agreed to acquire Troy-based Altair Engineering Inc. in a $10 billion deal.
Siemens will be acquiring Altair for $10.6 billion in a move to strengthen its presence in the industrial software market.
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