Davin News Server

On 2024-06-17, pothead <pothead@snakebite.com> wrote:
> 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.

Europe in general is realizing that all of this green energy is nothing but a money making scam 
that their adversaries are not buying into.
By the time the U.S.A wakes up it will be too late.



-- 
Charlie Glock
"No free man shall ever be debarred the use of arms"
-  Thomas Jefferson 1776