gas and power – Thinking Port

Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

June 18, 2019 admin Business, Coal, France, Gas, gas and power, gas turbines, ge, GERMANY, International, job cuts, news, Nuclear, Renewables, siemens, Switzerland

Credit to Author: Darrell Proctor| Date: Tue, 18 Jun 2019 21:41:16 +0000

Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would jettison as part of cost-cutting measures. The Siemens’ announcement comes one day after U.S.-based rival GE said it would cut 450 jobs at two of […]

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Magazines

THE BIG PICTURE: Siemens’ Corporate History

June 3, 2019 admin Business, Coal, corporate, dynamo, Gas, gas and power, History, Infographics, International, market changes, news, Nuclear, restructuring, siemens, Technology, timeline

Credit to Author: Tracey Lilly| Date: Sat, 01 Jun 2019 04:00:04 +0000

Siemens AG, the global technology conglomerate that today has headquarters in both Berlin and Munich, in May 2019 announced it will spin off its energy units to focus on its digital “core.” The news has stunned many in the power sector, where Siemens has clenched a formidable presence since 1866. But restructuring at Siemens is […]

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Magazines

Insights Into Siemens’ Stunning Gas and Power, Renewables Shakeup

May 12, 2019 admin abb, Business, carveout, Energy Storage, Gas, gas and power, gas turbine market, ge, general, hitachi, International, lisa davis, market case, Markets, mhps, newco., news, Renewables, siemens, spinoff, supply chains, T&D, Technology, Wind, workforce

Credit to Author: Sonal Patel| Date: Mon, 13 May 2019 03:05:05 +0000

In the days following its May 7 announcement that it will spin off its Gas and Power business, Siemens has fleshed out how and when the carveout will occur, laid out its reasons for lumping its energy businesses together, and put forth a market case for why a business separation may be a “win-win” situation […]

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Magazines

Siemens Will Exit Power, Gas, Renewable Businesses

May 7, 2019 admin Business, digital, Gas, gas and power, International, Markets, mhps, news, power, Renewables, shareholders, siemens, smart infrastructure, Technology, vision 2020

Credit to Author: Sonal Patel| Date: Tue, 07 May 2019 17:12:37 +0000

Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business. The company’s supervisory board announced the spinoff on May 7 […]

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