Siemens Gamesa will not get out of the red until 2026 due to ‘mismanagement’

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Clara Fernández, president of the works council, said on Radio Euskadi that despite the announced aid, the forecasts are “very bad”.

Isusko AB | EITB media

This became known this morning Siemens Energy has lost 4.6 billion since January 1 and, according to forecasts, the Basque subsidiary will remain in business until at least 2026 Siemens Gamesa will not get out of the red.

Tonight the government of Spain announced that it is studying the opening a guarantee line for the company for 3,500 million euros to which we must add the more than 15 billion which the German government and other banks will provide.

On the “Boulevard” of Radio Euskadi we heard the first assessment of the Chairman of the Works Council of Siemens Gamesa de Zamudio, Clara Fernandez, that blamed the results “to poor management” and hopes the aid will serve to “cushion the blow”, although the forecasts, he says, are “very poor.”

Source: EITB

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