Siemens has announced plans to cut approximately 6,000 jobs globally, with a significant impact on its electric vehicle (EV) charging division. Around 450 positions will be eliminated from the Smart Infrastructure business, including 250 in Germany, as a response to ongoing market challenges. The layoffs are expected to be finalized by the end of the 2025 fiscal year. The company is shifting its focus towards investing in fast-charging infrastructure, particularly direct current (DC) stations, which align with evolving market demands and standards. This move follows the opening of a factory in April 2023 dedicated to manufacturing commercial Level 2 chargers, now considered less strategically relevant.
Additionally, Siemens is cutting 5,600 jobs from its factory automation segment within Digital Industries, due to decreased demand in key markets, such as China and Germany. The automation sector faces similar challenges in the face of unstable market conditions. The company’s restructuring aims to enhance efficiency and adapt to regional market conditions, as the demand for EV infrastructure continues to evolve. The shift reflects Siemens’ efforts to stay competitive in the rapidly growing EV charging market. Rumors suggest that the company may explore further optimizations to revamp its operational framework and technologies to maintain competitiveness amid ongoing market fluctuations. The impact of these changes on Siemens’ role in the EV charging landscape will be closely monitored by stakeholders.