turbines – Page 3 – Thinking Port

Siemens Cutting 2,900 Jobs, Vying with GE for $15B Iraqi Contract

September 29, 2018 admin Business, Gas, ge, GERMANY, International, Iraq, jobs, news, siemens, turbines, workforce

Siemens on September 24 said it would cut about 2,900 jobs, mostly from its Power and Gas division in Germany, as it continues restructuring to achieve cost savings amid a tough global market for turbine manufacturers. Siemens on Monday said the cuts will save the company about €270 million ($318 million) and is part of […]

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3-D Printed Gas Turbine Technology Marks ‘Game Changing’ Milestone

September 20, 2018 admin Burners, Business, Gas, gas turbines, ge, International, Manufacturing, Markets, news, siemens, Technology, turbines

The world’s first 3-D printed burner for an industrial gas turbine has been in operation for one year with no reported issues. Siemens, which installed the burner for the 32.8-MW SGT-7000 gas turbine at E.ON’s combined cycle power plant in Philippsthal in the German state of Hessen said on September 19 that it has been […]

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Siemens Combining Business Units as Part of New Strategy

August 8, 2018 admin Business, Coal, digitization, Gas, industrial internet of things, International, news, Nuclear, Renewables, siemens, strategy, turbines

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]

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GE Cutting 225 Jobs at New York Campus

August 7, 2018 admin Business, Coal, Gas, ge, General Electric, job cuts, jobs, New York, news, Nuclear, Renewables, schenectady, Switzerland, turbines, Virginia

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

June 21, 2018 admin Business, Coal, flannery, Gas, gas turbines, ge, International, job cuts, kaeser, news, Nuclear, Renewables, restructuring, siemens, turbines

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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