EnergyWatch

Jochen Eickholt confirms layoffs

Without quantifying or specifying which sites will see job cuts, the turbine maker remarks that two segments in particular will need to see staff reductions. But it’s a balance, says CEO.

Photo: Simon Fals

Earlier this year, the headcount at Siemens Gamesa topped 27,000. Even discounting the considerable number of executives still covered by severance agreements after several top-level terminations in recent months, the number of employees is currently at it highest level since the draconian round of layoffs that was carried out as part of the L3AD2020 cost-cutting plan at the end of 2017.

The company’s staff growth will now deflate. After presenting yet another quarterly report with a deficit in millions of euros and yet another downgrade, CEO Jochen Eickholt confirmed Tuesday that layoffs are in the offing – though neither confirming or denying reports that the cuts will affect 2,500 jobs, as Reuters reported citing unnamed sources earlier in the day.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs