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siemens

Germany’s Siemens Energy to cut wind power jobs

May 8, 2024 10:33 am

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 …

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

October 26, 2023 6:23 am

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 …

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