Siemens Energy to Cut 7,800 Jobs as Green Shift Roils Sector

Company will cull 3,000 positions in Germany, 1,700 in U.S.
Reductions planned to be completed by end of 2025 fiscal year

WATCH: CEO Christian Bruch discusses the elimination of 7,800 jobs by 2025 and the shift to green energy.(Source: Bloomberg)

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By William Wilkes

February 2, 2021 at 6:00 AM UTC

Updated on

February 2, 2021 at 8:32 AM UTC

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Siemens Energy AG will cut roughly a sixth of workers from its gas and power division in the latest sign that the worldwide shift to green energy is upending the fossil-fuel businesses.