Millions of dollars invested. - Siemens designs 400 extra positions in Frankfurt.
Tech giant Siemens plans to invest an extra 100 million euros to broaden its switchgear factory in Frankfurt's Fechenheim area. This move is expected to result in an additional 400 jobs by mid-2027, bringing the total workforce to 2,300 employees. Announcing the development on Thursday, Siemens highlighted that, during the previous year, it had already put in 30 million euros to broaden its production capacities at the same location.
Siemens disclosed that, within the next few months, the structures occupying a 3.5-hectare ground recently acquired would be transformed into manufacturing spaces and offices. Furthermore, the company is known for its production of switchgear in Frankfurt - essential for energy supply and distribution - which is sent across the globe, reaching customers like industries, municipalities, hospitals, and airports.
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Siemens' decision to invest another 100 million euros in its Frankfurt factory, specifically in Hesse's Fechenheim area, will see Siemens AG create an additional 400 jobs, contributing to their existing 2,300 workforce. Notably, this investment will be focused on expanding the switchgear factory, a critical sector for Siemens as it manufactures and exports electric equipment for various industries, including Frankfurt am Main's industries, municipalities, hospitals, and airports.
