Credit to Author: Darrell Proctor| Date: Mon, 22 Jan 2024 17:07:47 +0000
Israel-headquartered SolarEdge Technologies is expected to cut about 900 jobs from its global workforce as the company seeks to reduce operating costs. SolarEdge on Jan. 21 said it would lay […]
The post SolarEdge Slashing 900 Jobs in Cost-Cutting Move appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Mon, 08 Jan 2024 14:58:14 +0000
NuScale Power, among the best-known companies developing small modular reactor (SMR) technology, said it would cut 28% of its workforce as the company looks to save $50 million to $60 […]
The post SMR Leader NuScale Cuts 154 Jobs as Nuclear Company Restructures appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Fri, 07 Oct 2022 16:54:35 +0000
General Electric (GE) has notified staff that it plans to lay off about 20% of the workforce in its U.S. onshore wind business. A report from NASDAQ this week said the cuts are part of a plan to restructure and resize the onshore wind division, as the group “is grappling with weak demand and rising […]
The post GE Will Cut 20% of U.S. Onshore Wind Workforce appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Thu, 29 Sep 2022 18:52:58 +0000
Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes. The group in a statement on Sept. 29 said, “In order to realize the company’s projections for growth, Siemens Gamesa is working to strengthen specific areas within key leading markets to capitalize on […]
The post Siemens Gamesa Will Cut Nearly 3,000 Jobs appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Tue, 22 Mar 2022 15:06:44 +0000
Vestas occupies the top spot when it comes to market share among global wind turbine manufacturers, according to a new analysis, but the Danish business is not immune to the challenges facing several of the leading companies in the wind power sector. Supply chain issues are buffeting wind energy, as they have other industries. Though […]
The post Vestas Cutting Jobs Despite Leading Wind Installations appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Fri, 11 Feb 2022 23:07:37 +0000
Siemens Gamesa Renewable Energy (SGRE) plans to lay off 200 workers at two U.S. wind power equipment manufacturing facilities. The company on Feb. 9 said the job cuts are due to a reduction in orders for commercial wind turbines. An SGRE spokesperson said more jobs cuts at the plants—one in Hutchinson, Kansas, and the other […]
The post Siemens’ Renewable Arm Cutting 200 U.S. Jobs appeared first on POWER Magazine.
Read moreCredit 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 […]
The post Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Thu, 21 Mar 2019 19:37:38 +0000
A German business magazine reports that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi Heavy Industries (MHI). Manager Magazin on March 21 said Siemens “wants to accommodate the large turbine business of the Japanese Mitsubishi Group and in the future hold only a […]
The post Siemens, Mitsubishi Discuss Merger of Turbine Units appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Tue, 22 Jan 2019 22:59:53 +0000
French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press, a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would be […]
The post GE Cutting Another 468 Jobs appeared first on POWER Magazine.
Read moreCredit to Author: cbibe| Date: Tue, 22 Jan 2019 04:59:00 +0000
Agence France-Presse will cut 95 jobs over the next five years, 30 fewer than announced in October, without affecting targeted savings..
The post AFP to cut 95 jobs, CEO says, scaling back initial 125 target appeared first on Inquirer News.
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