Although it managed to reduce its losses by 34% between October and March, the wind energy producer is not ruling out further staff adjustments. These have not been quantified and are hoped to be absorbed through business relocations. Vinod Philip will replace current CEO Jochen Eickholt with effect from August 1.
EC | EITB media
The multinational Siemens Energy has announced “important measures of restructuringin its subsidiary Siemens Gamesain which he will make a new one “template customization” to address the losses of millions of dollars in recent years (799 million dollars in the last six months) and return to profitability from 2026.
In addition, the German group has the resignation of the current CEO of GamesaJochen Eickholt, who will be replaced by Vinod Philip from August.
In a statement to announce the results of the first fiscal semester, Siemens Energy reports does not quantify The number of dismissed, although it expects Siemens Gamesa’s workforce to remain “more or less constant” in the coming years as it expects its offshore wind business to continue to grow. According to the plans, “as much of the planned workforce reductions in the affected areas as possible through reallocation to other areas.”
“Jochen Eickholt and Vinod Philip will finalize the concrete measures in the coming weeks, which will be negotiated with the employee representatives in the coming months,” they added.
The German company has three factories in the BAC (Zamudio, Asteasu and Mungia) – a workforce of 1,011 employees – and another two in Navarra (Sarriguren and Arazuri) – 1,823 employees.
In this sense, the German parent company reports that Gamesa will keep their two industries —on land or onshore wind and offshore or offshore wind energy – despite the serious problems that have arisen in land distribution. It should be remembered that the turbine failure of the onshore wind turbines (models 4.X and 5.X) caused cancellations of orders and millions of dollars in compensation for delays in deliveries. Onshore wind energy generation activities will therefore continue in Europe and the United States, as both markets offer ‘a stable regulatory framework’.
Losses of 799 million
The wind energy producer has lost 799 million euros in its first fiscal semester – which runs from October 2023 to March 2024. 34% less than the 1,209 million of the previous year.
The German multinational that owns Gamesa reports that its profits are still under pressure due to the problems with onshore wind turbines, as well as the increase in product costs and start-up problems in the area. offshore in the previous year.
Looking ahead to 2024, Siemens Energy expects its subsidiary’s revenues to be “substantially higher” than in the first half, mainly due to the boost in offshore.
Siemens Energy stopped selling these turbines last year after discovering faults, which caused losses of 4,532 million in the 2023 fiscal year and required the German state to bail out.
Despite the negative impact of Gamesa, Siemens Energy has earned 1.618 million in the first fiscal semester, compared with a loss of 677 million a year earlier due to the sale of 18% of the company in India.
From CC’s “biggest concern”. OO to the silence of the Basque government
DC. OO. At Siemens, Gamesa has shown its “greatest concern” over the announcement of a new restructuring, a measure that, as noted, they had not expected.
In statements to Europa Press, the general secretary of the trade union branch of DC. OO. at Siemens Gamesa Spain and president of one of the company’s seven works councils in Zamudio (Bizkaia), Clara Fernández, has clarified that they have no details on the impact, although a meeting of the company with the unions was planned this Wednesday to review the results present. to them.
Clara Fernández has stated that the “positive message” they see in the communication is that “they are finally saying publicly that they remain committed to on land and Spain on land“.
Sources from the Ministry of Economic Development, Sustainability and Environment of the Basque government have explained to the same agency that CEO Jochen Eickholt communicated the news to them last Tuesday, although they have refused to make further assessments because, as they have emphasized, it is time for the company to communicate its decisions directly to all agents involved, a communication that, in his opinion, should also take place in Euskadi.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
