Siemens to cut 6,900 jobs worldwide

 

Siemens' headquarters in Germany

industrial group Siemens has announced plans to cut around 6,900 jobs worldwide mostly in its fossil fuels division.

It said global demand for large turbines produced by its power and gas division had fallen dramatically.

Half of the jobs will be lost in Germany, while 1,100 will go in the rest of Europe and 1,800 in the US.

Siemens said it was confident there would be no compulsory redundancies in the UK.

It biggest British factory, which produces small and medium industrial turbines, is in Lincoln and employs 1,500 people.

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