Siemens Energy’s Struggling Wind Unit Unveils $436 million in Cost Cuts

(Reuters) – Siemens Gamesa, the struggling wind division of Germany’s Siemens Energy (ENR1n.DE), plans to cut costs by around 400 million euros ($436 million) by 2026, according to presentation slides posted online ahead of the company’s capital markets day. The goal was to “simplify organization and optimize overhead costs” while the Siemens Gamesa’s onshore wind … Read more

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