Siemens has confirmed plans to cut a further 4,500 jobs worldwide or 1% of its total global workforce, just months after the German industrial giant announced plans to slash more than 7,000 jobs.
The news came after largest engineering company in Europe reported profits had fallen by 5% to €1.7 billion (£1.3 billion) in the first three months of the year compared to the same period last year.
The company said: "These measures are being taken in response to the persistently difficult environment in the global power generation market."
Around 2,200 of the job cuts are expected to go from Siemens' German operations, but the firm said it was unable to give a breakdown of where the other redundancies will be made.
Siemens, whose business activities include electronics, trains and turbines, employs more than 340,000 people in 200 countries, including the UK.
Challenges faced by the company included regulatory changes, price erosion and aggressive competitors.
Joe Kaeser, chief executive of Siemens said: "The profitability of our Industrial Business shows that we must still improve some businesses."
The company said its long-term strategy remains unchanged.
