Siemens Energy Agrees With Union to Limit Plant Closures, Job Losses in Germany
January 29 2021 - 9:09AM
Dow Jones News
By Joshua Stein
Siemens Energy AG said Friday that it has reached an agreement
with its central works council and trade union IG Metall to limit
plant closures and job losses in Germany.
The German energy company said it has agreed not to shut down
particular operations in Germany in the lead-up to 2030.
The agreement, which is named "Future Agreement 2030" also says
that the company will aim not to close any of its premises in the
country.
The transformation plan also agrees to limit redundancies "as
far as possible," and to keep any job cuts to voluntary
measures.
Siemens Energy will per the agreement target a 4.5%
representation of trainees in the company, who will then be
qualified enough to be recruited directly from their training, the
company said.
The German company plans to restructure itself into three
pillars, it said: sustainable power generation, power transmission
and storage, and optimization and electrification of the industrial
process.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
January 29, 2021 08:54 ET (13:54 GMT)
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