Siemens Gamesa To Lay Off 600 Staff In Denmark To Remain Competitive

Siemens Gamesa said on Thursday it will lay off up to 600 staff in Denmark as it grapples with price declines in a challenging market.

The move comes after Siemens Gamesa announced plans to focus its business on geared technology for onshore wind turbines in response to low prices across the industry as governments phase out generous subsidies.

Geared turbines use a gearbox to amplify the energy transmitted from the rotor to the generator.

The layoffs will impact production of direct drive onshore turbines in Brande and blade production in Aalborg.

This is an Agency News-Feed