FRANKFURT --
Siemens AG will eliminate 615 jobs at U.S. factories producing
windmills in response to declining orders, dealing a blow to Chief
Executive Officer Peter Loescher's push into environmentally friendly
energy sources.
“The industry is facing a significant drop in new
orders, and this has an unfortunate consequence on employment in this
segment of the power industry,” Munich-based Siemens said today in a
message to employees that was obtained by Bloomberg.
The cuts account for more than a third of the workforce that Siemens has built up in its U.S. wind-energy business,
an operation that helped the company to national prominence after
President Barack Obama visited a facility in Iowa in 2010. Siemens said
that it has invested $100 million to establish its U.S. wind-power subsidiary over the past 5 years.
The reductions are a setback for Loescher’s attempt at
bolstering the company’s portfolio of so-called green products that are
environmentally friendly. Siemens is in the process of realigning its
business after having to curtail its earnings forecast twice this year,
and the company will present the results of its revamp to management
next month.
Copyright 2012 Bloomberg
http://www.renewableenergyworld.com/rea/news/article/2012/09/siemens-to-cut-615-us-wind-e nerg y-jobs-as-new-orders-dry-up
No comments:
Post a Comment