Siemens Energy had previously announced plans to cut costs and make its Spanish wind turbine subsidiary, Gamesa, profitable by reducing up to 400 million euros. This could potentially lead to job cuts as part of the restructuring efforts. Recent statements from the company indicate that workforce adjustments will be made, with hopes to maintain a stable number of employees in the future.
The exact impact of the workforce reductions is still being evaluated and will involve negotiations with worker representatives in the coming months. Siemens Gamesa had nearly 29,300 employees globally as of September 30 of last year, with significant numbers in countries like Denmark, Spain, and Germany. The company is focusing on areas like offshore wind energy for growth while addressing workforce changes.
Siemens Energy recently reported positive financial results for the second quarter, with net profits of 108 million euros. However, the wind business division, Gamesa, experienced losses that are expected to increase by the end of the year. The company is aiming for Gamesa to return to profitability by 2026 and achieve a double-digit operating margin in the long term.
The management changes at Siemens Gamesa include the departure of the CEO, Jochen Eickholt, and the appointment of a new leader, Vinod Philip. The restructuring efforts aim to streamline central functions like Human Resources, Legal, and IT under a unified global management structure. These changes are intended to improve efficiency and transparency within the company.
Union representatives at Siemens Gamesa have expressed concerns about the workforce adjustments but noted a positive commitment to onshore wind activities. The new CEO’s commitment to the development of business in Spain is crucial for labor unions, who seek clarity and assurances regarding the company’s future plans. Discussions will continue as the company navigates these organizational changes in the coming months.