Davin News Server

Siemens Sinks: Germany's Top Wind Turbine Maker Sacks 4,100 Workers Overnight

Remember how the wind and solar industries would create hundreds of thousands 
of highly-paid groovy 'green' jobs? No? Well, as it turns out, the few (highly 
subsidised) jobs created are disappearing like the sun over the horizon. 
Although, for the axed workers, there will be no reappearance the following 
day. Easy come, easy go.

Siemens Gamesa is a case in point. Orders have dried up; costs of producing 
anything in Germany are prohibitive - it suffers Europe's highest power prices, 
thanks to Germany's efforts to run on nothing but sunshine and breezes (and 
exorbitantly priced gas). Germany's largest wind turbine manufacturer has been 
struggling for years to turn a profit.

Siemens suffer a ¤5.8 billion ($6.3 billion) market value write-down in a 
single day in June last year, followed by another 40% write-down in October - 
slashing a further ¤3 billion ($3.16 billion) off its market value, following 
revelations by Siemens that it was demanding billions in government-backed 
guarantees from the German government.

12 months on, and Siemens is still on the ropes, sacking 4,100 workers in one 
fell swoop, as this lament from Reuters explains.

Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter
Reuters
29 May 2024

Siemens Energy's wind turbine division Siemens Gamesa is planning to cut 4,100 
jobs, or around 15% of its workforce, the unit's Chief Executive Jochen 
Eickholt said in an internal letter to staff seen by Reuters on Tuesday.

"Our current situation demands adjustments that go beyond organizational 
changes. We have to adapt to lower business volumes, reduced activity in non-
core markets, and a streamlined portfolio," Eickholt said in the letter.

A spokesperson for Siemens Energy said the company would announce the number of 
jobs affected once consultations with all stakeholders are completed, declining 
to comment further.

The job cuts plan, which was first reported by Spanish newspaper El Correo, 
comes shortly after Siemens Energy fleshed out major restructuring moves at 
Siemens Gamesa, also flagging that this would include staff reductions.

Eickholt said the goal was to keep Siemens Gamesa's total workforce stable, via 
shifting jobs to and hiring more employees in other part of the division, 
confirming comments made by Siemens Energy CEO Christian Bruch earlier this 
month.

"The leadership team and I are aware that today's announcement is difficult, 
especially considering the challenges you've been facing over this past year," 
Eickholt, who will step down at the end of July, said in the letter.

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June:

Feet Of June Snow Hit Fonna, Norway As Europe Turns Blue

Eastern Australia Shivers

Record June Snow In The Alps

Summer In Japan Arrives a Little Late

Europe Chills

It Was A Cold May For Many

Heavy Snow Hits Northeast Iceland

UK Enduring A Historically Cold June

Frosts on June 11

Summer Snow In Northern India

50 Billion Tons Of Snow Has Fallen On Greenland So Far In June

Snowstorm In Himalayas Kills At Least 9

Snow Hits Parts of South Africa For First Time In 40 Years

Scotland Sees Snow

Global Temperature Drop (of COURSE... Hunga Tonga's Water Vapour!)

Warnings Issued In South Africa For "Disruptive Cold And Snow"

Coldest May Lows In 70-Years Hit Wagnerite, Australia

Argentina Abnormally Cold

Almost 7-Feet of June Snow Traps Hikers In German Alps

Snow Set For Scotland

Rare Frost Advisories In Ontario

It's Snowing In Northern India

Spring Freeze "Sharply Reduces" Russia's Wheat Harvest

Summer Skiing In Europe After Record-Breaking Spring Snow

Record Cold Strikes Japan

Frigid Streak At The South Pole

Low Olive Harvest In Greece Due To 'Weather Shifts'

Greenland's Record Ice Gains

Colder-Than-Average May In Europe

South America Freezes

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May:

U.S. Ski Industry Reports 5th-Best Season On Record
"Deep, Drifting Snow" Keeps Beartooth Closed
The Suess de Vries Cycle
Spring Anomalies From BC To SoCal
Winter Prolonged In Alaska
Australia's Cold And Snow
Chile's Weather Agency Got It Dead Wrong As South America Freezes
Spring Anomalies From BC To SoCal
Record May Cold Hits South Australia
Latest Snowfall In Decades At Snoqualmie
Frozen Turkey