Siemens’ Renewable Arm Cutting 200 U.S. Jobs

Credit to Author: Darrell Proctor| Date: Fri, 11 Feb 2022 23:07:37 +0000

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 […]

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Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

Credit to Author: Darrell Proctor| Date: Tue, 18 Jun 2019 21:41:16 +0000

Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would jettison as part of cost-cutting measures. The Siemens’ announcement comes one day after U.S.-based rival GE said it would cut 450 jobs at two of […]

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Siemens, Mitsubishi Discuss Merger of Turbine Units

Credit to Author: Darrell Proctor| Date: Thu, 21 Mar 2019 19:37:38 +0000

A German business magazine reports that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi Heavy Industries (MHI). Manager Magazin on March 21 said Siemens “wants to accommodate the large turbine business of the Japanese Mitsubishi Group and in the future hold only a […]

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GE Cutting Another 468 Jobs

Credit to Author: Darrell Proctor| Date: Tue, 22 Jan 2019 22:59:53 +0000

French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press, a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would be […]

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AFP to cut 95 jobs, CEO says, scaling back initial 125 target

Credit to Author: cbibe| Date: Tue, 22 Jan 2019 04:59:00 +0000

AFP to cut 95 jobs, CEO says, scaling back initial 125 target

Agence France-Presse will cut 95 jobs over the next five years, 30 fewer than announced in October, without affecting targeted savings..

The post AFP to cut 95 jobs, CEO says, scaling back initial 125 target appeared first on Inquirer News.

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GE Cutting 225 Jobs at New York Campus

General Electric (GE), long considered the most-prominent business in Schenectady, New York, on April 7 announced another 225 job cuts at its main campus in the city. The announcement comes as GE continues to restructure its operations amid a downturn in global demand for the company’s turbines. GE cut about 110 jobs at the Schenectady […]

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Restructuring on Horizon for Siemens and GE

Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]

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Restructuring on Horizon for Siemens and GE

Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]

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