Germany’s Siemens to cut over 6,000 jobs worldwide [Video]

German industrial giant Siemens said Tuesday it planned to cut over 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market.

The reductions, about two percent of Siemens’s global workforce, will mostly be made in the group’s factory automation unit while a small number of positions will be lost in its electric vehicle charging business.

“Muted demand primarily in the key markets of China and Germany coupled with increased competitive pressures have considerably reduced orders and revenue in the industrial automation business,” said the group in a statement.

The “aim is to strengthen the future competitiveness of the businesses affected and enable investments in growth markets,” it said.

Siemens, whose sprawling global business runs from making trains and factory equipment to systems that manage data centres, has been struggling …