Siemens CEO guidelines out job cuts from coronavirus influence

FILE PHOTO: German engineering group Siemens CEO Joe Kaeser attends a information convention previous to the annual basic assembly in Munich, Germany February 5, 2020. REUTERS/Andreas Gebert

ZURICH (Reuters) – Siemens is not going to reduce its workforce due to the financial downturn triggered by the brand new coronavirus, Chief Govt Joe Kaeser mentioned, though short-time working measures might be prolonged in Germany.

“Nobody at Siemens will depart due to a brief fluctuation in exercise,” Kaeser instructed Passauer Neue Presse in an interview revealed on Saturday.

Siemens nonetheless needed to adapt to structural adjustments, like in fossil gasoline energy the place the development is shifting towards renewable energies, he mentioned.

“However in a brief disaster, there’s no query: we’ll get by way of it collectively. And when the disaster is over, and issues are choosing up once more, we’ll sort out it collectively,” Kaeser mentioned.

To date solely a small variety of Siemens employees – 1,600 out of 120,000 in Germany, are on short-time work.

“However I can’t rule out that there will likely be extra,” he instructed the newspaper.

Reporting by John Revill; Enhancing by Toby Chopra

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