By Helena Smolak
Dow Jones– Siemens Energy Planks job cancellations in the wind turbine business Siemens Energy Backing up in Turkey and Spain. As a spokesman for the energy technology group said, the discharge of 130 employees in Spain and around 60 out of 100 employees is planned in a research and development facility in Turkey. Siemens Energy is trying to reduce the costs of his loss -making wind turbine business Siemens Gamesa.
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One person familiar with the matter said that Job cuts In Spain and in Turkey, further cuts take place that could go into thousands and which are still being negotiated.
According to its own statements, the company has achieved agreements with employee representatives in Germany and Spain and sees itself on the right track to achieve the desired cost savings through the integration of Gamesa. Details of these agreements have not been given.
Last May Siemens Energy announced a restructuring of Gamesa, which also provides for capacity cuts in the area of onshore wind power. Siemens Energy expects Gamesa to reach the profit threshold in the coming year and then return to the profit zone.
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(End) Dow Jones Newswires
February 12, 2025 11:34 ET (16:34 GMT)
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