Siemens in Lincoln is looking to make up to 70 voluntary redundancies at the Ruston Works site.
Staff were told about the plans on Thursday, September 26.
It’s understood that a number of older staff are considering this option.
Siemens says the move is needed to “size the business in-line with market demands,” and to “help us stay competitive in a dynamic energy market.”
The company added that it is “very much committed to a long-term future in Lincoln.”
In a statement to The Lincolnite, a Siemens spokesperson said: “This week we began a consultation with employees based at Ruston Works at Siemens in Lincoln and announced that we are giving employees the option to apply for voluntary redundancy.
“We’re looking for around 70 employees to voluntarily leave the business to help us size the business in-line with market demands.
“We are very much committed to a long-term future in Lincoln and the announcement aims to help us stay competitive in a dynamic energy market.”