Davin News Server

On 2024-06-17, AlleyCat <katt@gmail.com> wrote:
>
> 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.

Siemens was once a great company. A jewel in the crown of manufacturer and innovation, especially 
in the medical field.
On one hand it's sad to see them sink but on the other hand it's encouraging to see them realize 
that there is no future in wind turbines. At least not in the near future.



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