Wind-Turbine Maker Siemens Gamesa Lays Off 2,900 Workers
Siemens Gamesa intends to lay off 2,900 employees after revealing that inflation and supply chain issues are affecting its bottom line.
Rising costs for energy, raw materials and transport are cutting into margins, while shortages of components, port congestion and supply delays are impacting production.
The layoffs will affect 2,900 employees globally.
Denmark will take the biggest hit with 800 job losses followed by Spain with 475, Germany 300 and the United Kingdom another 50.
The move to cut its global head count by about 10 percent is the next step in the implementation of the company’s new operating model.
Under what the firm calls its "Mistral" strategy, it will reorient towards a simplified, leaner structure.
The company believes that it is well positioned to unlock renewables’ growth potential.
It has a record backlog of $33.2 billion, up four percent, and an order intake of $3.4 billion in the third quarter of fiscal year 2022.
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