Siemens to cut thousands of jobs in fossil power generation division
Siemens will cut about 6,900 jobs, or about 2 percent of its global workforce, mainly at its power and gas division hit by rapid renewables growth, report Georgina Prodhan and Christoph Steitz for Reuters. “The power generation industry is experiencing disruption of unprecedented scope and speed,” Siemens management board member Lisa Davis said. “With their innovative strength and rapidly expanding generation capacity, renewables are putting other forms of power generation under increasing pressure.”
Read the article in English here.
For more background on the utilities’ troubles, read the CLEW dossier Utilities and the energy transition.