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Tag: Cutting

Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit

May 29, 2024
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| Industry News

Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about […]

The post Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit appeared first on POWER Magazine.

Siemens Gamesa wind turbine

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Vestas Cutting Jobs Despite Leading Wind Installations

March 22, 2022
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| Industry News

Vestas occupies the top spot when it comes to market share among global wind turbine manufacturers, according to a new analysis, but the Danish business is not immune to the challenges facing several of the leading companies in the wind power sector.

Supply chain issues are buffeting wind energy, as they have other industries. Though Vestas Wind Systems A/S continues as the leading manufacturer of wind turbines, according to a GlobalData report released March 22, the company also this month announced it plans to cut at least 275 jobs, including 75 in Denmark, in what it termed a “highly volatile environment” for the sector. A Vestas spokesperson in a statement said the group wants to balance “2022 priorities and long-term growth” for the company, with the job cuts part of “adjusting our activities and organizational setup.” 

It’s the latest round of job cuts for the wind energy giant. A POWER analysis of Vestas’ announcements found the company has jettisoned nearly 2,000 jobs from its manufacturing facilities in Denmark, the UK, Germany, and Colorado since September 2019.…

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Siemens’ Renewable Arm Cutting 200 U.S. Jobs

February 14, 2022
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| Industry News

Siemens Gamesa Renewable Energy (SGRE) plans to lay off 200 workers at two U.S. wind power equipment manufacturing facilities. The company on Feb. 9 said the job cuts are due to a reduction in orders for commercial wind turbines.

An SGRE spokesperson said more jobs cuts at the plants—one in Hutchinson, Kansas, and the other in Fort Madison, Iowa—could be forthcoming. 

SGRE has acknowledged “challenges” in its onshore wind power business, and on Feb. 2 announced that Jochen Eickholt, a member of the executive board at Siemens Energy, will be the new CEO for SGRE, replacing Andreas Nauen as of March 1. Nauen had taken over as CEO in June 2020.

Shannon Sturgil, CEO of Siemens Gamesa Onshore North America, in a statement about this week’s job cuts, said: “Two primary factors contributed to this decision. While the final ruling of the ITC on the recent patent challenge case brought by a competitor [GE] was ultimately in our favor, we were temporarily prevented from pursuing new orders during the determination period.…

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Insurance company is cutting jobs following merger delay – 13newsnow.com WVEC

January 20, 2021
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| Energy Jobs
  1. Insurance company is cutting jobs following merger delay  13newsnow.com WVEC
  2. Genworth Financial notifies workers about job cuts  wtvr.com
  3. Henrico-based insurer Genworth Financial notifying employees of job cuts  Richmond.com
  4. Genworth notifies employees of job cuts  Virginia Business Magazine
  5. View Full Coverage on Google News

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Siemens Cutting 200 Jobs at Texas Service Center

December 12, 2018
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| Industry News

Siemens on December 11 said it would lay off about 200 workers at a gas turbines parts and components service center in Houston, Texas, sometime in late 2019 or early 2020. A company spokesperson made the announcement Tuesday, saying the cuts are due to weak global demand for the company’s turbines.

Siemens in a statement said the decision was “difficult.” The company, in a letter to the Texas Workforce Commission, also said the layoffs were partly due to overcapacity within the company’s network.

Siemens in September said that it would cut 2,900 jobs in Germany to boost the competitiveness of its Power and Gas and Process Industries divisions. The company at the time said the cuts would save about $ 590 million.

Lisa Davis, member of the Managing Board of Siemens AG, in a statement at the time said, “The market for fossil power generation has contracted substantially. Against the backdrop of this structural change, the agreement we’ve reached [with the company’s unions] is critical to improving our competitiveness.”…

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