Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Siemens Gamesa Will Cut Nearly 3,000 Jobs (Wind Power)
Power Magazine ^ | September 29, 2022 | Darrell Proctor

Posted on 09/30/2022 9:27:48 PM PDT by ProtectOurFreedom

Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes.

The group in a statement on Sept. 29 said, “In order to realize the company’s projections for growth, Siemens Gamesa is working to strengthen specific areas within key leading markets to capitalize on its strong market position in offshore, as well as growing across the entire value chain and driving a project-centric business approach.”

The move is part of a strategy review called Mistral, a program the company announced last year in an effort to make its operations leaner as financial losses have mounted. Siemens Gamesa has struggled as problems have continued with its onshore wind operation.

The wind turbine maker posted large losses in the first quarter of the year, in part due to higher logistics and metals costs. That prompted majority owner Siemens Energy in April to revise downward its financial forecasts for 2022.

The company said about 800 jobs will be lost in Denmark, with another 475 jobs cut in Spain, 300 in Germany, and about 50 in the UK. The company said additional job losses will occur elsewhere in its global operations. The company employs 27,000 workers worldwide.

The company said it expects job cuts will occur over the next two-plus years, and be concluded by 2025...Siemens Energy currently owns about 67% of Siemens Game

(Excerpt) Read more at powermag.com ...


TOPICS: Business/Economy; Germany; News/Current Events
KEYWORDS: energy; putinlovertrollsonfr; putinsbuttboys; putinworshippers; scam; wind; zottherussiantrolls
What a shame.

If these results were bad because of metals costs in Q1 2022, just wait until they get new metals prices with energy prices soaring all over the world. Energy is a huge input to all metals production.

There's no mention of changes in national subsidies for wind turbines or tax breaks that make wind marginally competitive.

1 posted on 09/30/2022 9:27:48 PM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | View Replies]

To: ProtectOurFreedom

2 posted on 09/30/2022 11:20:25 PM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom


Less Than $583 To Go!!
Just A Reminder
Please Don't Forget
To Donate To FR
This Quarter

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!

3 posted on 09/30/2022 11:21:29 PM PDT by musicman (The future is just a collection of successive nows.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom
--- "Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes."

Business models based on getting government subsidies have been "sold" to the taxpayers for years now, but as "green" energy fails in real tome and the economic damage to taxpayers and consumers is seen, the subsidies simply cannot continue. Ergo the business model is proven not rooted in self-supporting industry, but in corporate welfare. Government "support" is not investment, but looting of an economy for the class deemed privileged above others, And it is failing,

4 posted on 10/01/2022 12:51:23 AM PDT by Worldtraveler once upon a time (Degrow Government)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Worldtraveler once upon a time

And it is failing,

Well..............

When you have failure on this scale...........

You better have a viable solution already on the table.

but no, lifestyle change and job loss is not a solution those are merely symptoms of the failure.


5 posted on 10/01/2022 2:29:22 AM PDT by wita (Under oath since 1966 in defense of Life, Liberty and the pursuit of Happiness)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ProtectOurFreedom

In order to realize the company’s projections for growth, Siemens Gamesa will
..cut nearly 3,000 jobs.

/\

Looks like standard greenie b.s.


6 posted on 10/01/2022 5:06:36 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom

Siemens learned the Mike Lindell’s My Pillow lesson.

Market saturation ends future sales


7 posted on 10/01/2022 5:10:16 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cuz1961

Siemens is about making money


8 posted on 10/01/2022 5:13:17 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 6 | View Replies]

To: bert

Siemens is about making money

/\

Nothing wrong with capitalism,,

It’s the bald face lies I have a problem with.

They aren’t growing they are downsizing.


9 posted on 10/01/2022 5:26:49 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 8 | View Replies]

To: cuz1961

https://new.siemens.com/global/en/company/sustainability/carbonneutral.html

Siemens is leading the way towards carbon neutrality
With our firm commitment to become carbon neutral by 2030, we take leadership towards decarbonization. At the same time, we help our customers meet their individual decarbonization goals.


10 posted on 10/01/2022 5:44:53 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 9 | View Replies]

To: cuz1961

Logo: Siemens
home

Siemens is leading the way towards carbon neutrality
With our firm commitment to become carbon neutral by 2030, we take leadership towards decarbonization. At the same time, we help our customers meet their individual decarbonization goals.
Introduction
Siemens is going carbon neutral
With our commitment to turn our operations carbon neutral by 2030, Siemens has set a clear signal that companies must take leadership in driving decarbonization. It is our firm belief that companies play a pioneering role in the fight against climate change. Our goal is clear: All Siemens production facilities and buildings worldwide are to achieve a net zero-carbon footprint by 2030. This program not only benefits humanity and the environment, but also comes with sustainable economic advantages for our company.
Siemens Defines the Future of Energy with Resilient, Carbon Neutral Campus Princeton
Discover how Siemens resilient campus demonstrates how businesses and cities can adapt to climate change, accelerate energy access and reduce impacts on health and the environment.

Read more about the Princeton Resilient Campus


11 posted on 10/01/2022 5:47:28 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 10 | View Replies]

To: cuz1961

is our firm belief that companies play a pioneering role in the fight against ................climate change.


12 posted on 10/01/2022 5:49:05 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 11 | View Replies]

To: cuz1961

Look !
Look like a greenie ?
Looks like a greenie.

Smell !
Smell like a greenie ?
Smells like a greenie!

Taste !
Taste like a greenie ?
Tastes like a greenie !

Yup
It’s a climate change greenie.


13 posted on 10/01/2022 5:51:27 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 12 | View Replies]

To: cuz1961

Belonging Transforms
A successful company for us is one that encompasses everyone.
At Siemens we strive to transform the everyday for our customers, employees and society.
.
.
.Committing to this transformation means committing to Diversity, Equity and Inclusion. ......
.
.....Diversity ensures that we reflect the communities in which we operate. Through Equity we ensure everyone has access to the same opportunities and is treated fairly. And, Inclusion is how we actively empower the voices of each and every individual. Through a spirit of Belonging we empower our people, finding untapped opportunities for everyone’s growth. Belonging enables the creation of technology with purpose. Belonging transforms.

/\

Looks rather Marxist too.


14 posted on 10/01/2022 5:56:34 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 13 | View Replies]

To: cuz1961

Siemens Group Code of Conduct for Suppliers and Third-Party Intermediaries
Our Group Code of Conduct for Siemens suppliers and third-party intermediaries is based on – among others – ...........the UN Global Compact .........and the principles of the ...........
........
....

International Labor Organization.

/\

Oh ya, commie as all get out.


15 posted on 10/01/2022 6:00:45 AM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 14 | View Replies]

To: Worldtraveler once upon a time

Great reply.

You wrote “Government “support” is not investment, but looting of an economy for the class deemed privileged above others.” Exactly right. Government sells it to the runes as “investment” and “creating jobs,” but it is looting the middle class to pay the privileged elites for nonproductive assets. Government does not decide on projects based on sound engineering economics but which constituency gets paid off and vote-buying return.


16 posted on 10/01/2022 6:18:37 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
[ Post Reply | Private Reply | To 4 | View Replies]

To: wita

The scale of the impending failure is beyond imagination. Prices of basic metals, fertilizer, energy are soaring to the atmosphere. Entire economies will collapse. The era of abundance will be over if this “green” revolution isn’t stopped, it will lead to massive revolutions and probably more authoritarian and totalitarian governments worldwide.


17 posted on 10/01/2022 6:22:41 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
[ Post Reply | Private Reply | To 5 | View Replies]

To: cuz1961

Everything is about “decarbonization.” Nobody ever asks “Do we need to reduce use of carbon fuels? Where is the proof we need to do that?” We have reached the point where almost every corporation, government, university and individual person has swallowed that evil “decarbonization” hogwash. It is the “Big Lie” of the century.


18 posted on 10/01/2022 6:26:32 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
[ Post Reply | Private Reply | To 10 | View Replies]

To: cuz1961

…will increase their prices 10X leading to economic collapse, hyperinflation, and mass starvation.


19 posted on 10/01/2022 6:28:00 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
[ Post Reply | Private Reply | To 12 | View Replies]

To: cuz1961

What a bunch of ultra-liberal meaningless gobbledegook. The not-so-hidden hidden message is “Governments stay off our back because we buy into your beloved woke crap. BLM leave us alone because we believe black lives matter. Mr. Lion, please eat us last.”


20 posted on 10/01/2022 6:36:04 AM PDT by ProtectOurFreedom (“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson