Siemens Energy plans job cuts and output reductions in its wind turbine unit, Gamesa, for restructuring and profitability.
Siemens Energy plans job cuts and output reductions in its struggling wind turbine unit, Gamesa, aiming to return the division to profit. The company will focus on the European and US markets and is set to replace the CEO of the wind turbine division, Jochen Eickholt, amid comprehensive restructuring measures. Siemens Energy raised its outlook for the year due to the improvement in its power grid business.
May 08, 2024
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