News Digest Item
20 Oct 2017

Siemens may cut thousands of jobs in power turbine business – source


Siemens mulls axing thousands of jobs in its power turbine business because the global growth of renewable energies dampens demand for coal and gas plants, according to a source familiar with the matter, Irene Preisinger reports for Reuters. The company’s division reported a 41 percent drop in orders in the quarter that ended in June.

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