Siemens Energy considers factory, office closures at wind division | Reuters News Agency
Business & FinanceEnergy

Siemens Energy considers factory, office closures at wind division

Reuters was first to report that Siemens Energy (ENR1n.DE) is considering shutting down Siemens Gamesa factories and sales offices as part of a review aimed at reducing losses at the wind turbine business. 

Market Impact

The German power equipment supplier is struggling with far-reaching quality issues at its onshore wind turbine division as well as potentially loss-making offshore contracts, which have caused its shares to more than halve since June. 



Article Tags
Topics of Interest: Business & FinanceEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: Europe
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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