Siemens Energy considers factory, office closures at wind division


Business & FinanceEnergy

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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