German automaker Volkswagen said it would eliminate up to 7,000 jobs by 2023 as it seeks to accelerate its transition to electric vehicles, although the cuts should be achieved via retirement offers.
Industrial giant Siemens said on Wednesday that it would cut 2,000 jobs in its German IT solutions and services (SIS) unit, part of a broader programme initially unveiled in March.
The German industrial group Siemens will cut at least 1,000 jobs as it restructures its SIS information services unit with an eye towards listing it on the stock market, a press report said on Wednesday.
The venerable US internet services company AOL is closing its offices in Germany after 15 years, a spokesperson told branch website Meedia.de late on Monday.
German national rail provider Deutsche Bahn plans to lay off some 14,000 employees in the next five years, daily <i>Der Tagesspiegel</i> reported on Monday.
German airline Lufthansa is planning to lay off 20 percent of administrative employees as part of a massive programme to reduce costs by €1 billion each year, daily <i>Handelsblatt</i> reported on Thursday.
Siemens appears to be backing away from huge job cuts in Germany announced earlier this month, according to a report in the <i>Süddeutsche Zeitung</i>.
Engineering giant Siemens is planning another huge wave of layoffs in Germany with some 6,400 jobs to be cut, according to daily newspaper <i>Bild</i>.
Several German companies laid off thousands of workers last week, causing widespread controversy in the light of many of the companies' robust profit margins. Officials say they are baffled by the trend.
