Siemens AG is planning to downsize two of its Industry Sector business units — Drive Technologies and Industry Solutions — and restructure both organizations. It explained the changes are the result of "an ongoing slump in volume in the key mechanical engineering market."
In the Drive Technologies division, by the end of 2012, 840 of 2,000 jobs will be eliminated at the Bad Neustadt, Germany, plant and 300 jobs will be discontinued at the Erlangen, Germany, plant. Drive Technologies serves the process machine and machine tool markets.
Siemens said the Bad Neustadt plant would be converted to "an innovation and technology center" for synchronous motors and mechatronic products and solutions.
Siemens will eliminate 850 positions across its Industry Solutions division. Industry Solutions serves industrial and infrastructure customers (e.g., steel, cement and paper), which it sees continuing to decline in the coming years.
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