Siemens to cut 6,900 jobs to tackle flailing turbines business | Reuters
FRANKFURT (Reuters) - 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. FILE PHOTO: Siemens AG headquarters in Munich, Germany June 14, 2016. REUTERS/Michaela Rehle/File PhotoMost of the cuts, about 6,100, will be made before 2020 at Siemens’s Power and Gas division, which once thrived on supplying large gas turbines for electricity generation but has been overtaken by the global surge in solar and wind capacity
The post Siemens to cut 6,900 jobs to tackle flailing turbines business | Reuters appeared first on Firstpost.