siemens

Germany’s Siemens Energy to cut wind power jobs

Siemens Energy AG announces plans to restructure its wind turbine business, particularly its Gamesa unit, to reverse years of losses. The company aims to cut output and jobs in the onshore sector, addressing high costs and technical challenges that have impacted profitability. These measures seek to stabilize the division and achieve double-digit returns in the …

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Siemens energy seeks billion-dollar bailout in talks with German government

Siemens Energy, a global giant in wind turbine manufacturing, is currently in negotiations with the German government regarding substantial state guarantees, a move that could potentially lead to a significant bailout to support the company’s operations and industry resilience. According to @DerSpiegel, Siemens Energy, one of the world's largest manufacturers of wind turbines, is in …

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