The main goal of the planned measures is to consolidate the activities and optimize the size of manufacturing locations in Europe in order to improve competitiveness in a market environment that continues to be difficult.

For this reason, about 1,000 of the above-mentioned jobs in Germany will be affected by the bundling of specific product lines at individual locations. Plans also call for improving the efficiency of all project work at the Process Solutions Business Unit. The related workforce reductions are to be made in a socially responsible way.

"Plunging demand in raw materials markets has led to a significant intensification of competition, particularly in Asia. To guarantee our competitiveness, we've got to adapt to these conditions," said Jürgen Brandes, CEO of Siemens' Process Industries and Drives Division.

"That's why we've got to optimize our manufacturing network worldwide and reduce the number of facilities producing similar or identical products. We've also got to increase the global competitiveness of engineering at our Process Solutions Business Unit."
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