The company, which was spun off last year by German
industrial conglomerate Siemens AG, currently has more than 90,000 employees
around the world.
It said that “optimized processes, leaner structures, the
reduction of overcapacities and portfolio adjustments” will result in some
7,800 jobs going in its gas and power segment, around three-quarters of them in
management, administration and sales.
The plans call for 3,000 jobs to be cut in Germany, 1,700 in
the United States and 3,100 at other locations worldwide. The cuts are to be
completed by the end of the 2025 financial year, with a “large part” by the end
of the 2023 financial year, Siemens Energy said.