Siemens Gamesa Renewable Energy SA (SGREN.MC)
17 Nov 2017
FRANKFURT Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.
MUNICH German engineering company Siemens reported a worse than expected 10 percent drop in quarterly industrial profit and signaled a tough year ahead as it restructures its turbine and wind power businesses. | Video
* Shares down 2.7 percent (Writes through with new executive, union comment)
BERLIN Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year.
BERLIN, Nov 6 Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year.
LONDON European shares crept higher on Friday, with new records hit in London and Frankfurt, though earnings from French bank Societe Generale and Dutch telecoms group Altice weighed on their sectors and limited gains.
* Renault gets boost as French state trims stake (Adds closing prices)
COPENHAGEN/FRANKFURT The world's largest wind turbine makers said a proposed Republican tax bill that would cut support for the industry in the U.S. would put its businesses and future investment at risk, in a rare public criticism on Friday of government proposals.
FRANKFURT/MADRID Siemens Gamesa has fallen behind biggest rival Vestas in the race for orders in the United States, hurt by a perceived lack of technology investment and a less centralized supply chain in the world's second-biggest wind turbine market.
* Vestas shares up 25 pct in 2017, Siemens Gamesa down 30 pct