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Siemens Gamesa fires 600 in Denmark

Siemens Gamesa fires 600 in Denmark

14-11-2017 11:00:00


Siemens Gamesa will fire 6000 employees worldwide and 600 of them will be from Denmark. The employees have not yet been notified who will be fired and that frustrates the staff representative, writes DR.dk

The merger between Siemens and Gamesa has caused major losses for the two companies due to, among other things, lower prices for wind turbines, which means immense staff reductions.
In Denmark, the company will thus dispose of 600 employees, the company announced to Ritzau Finans yesterday, but who and which factories in Denmark will be affected is not yet known.

"It's frustrating for us, but it's a procedure you have to deal with. So, I suppose we'll get the answer as soon as possible," says Thomas Fischer, a joint staff representative for all LO federations at Siemens-Gamesa in Aalborg according to DR.dk.

"Siemens Gamesa has many locations in Denmark, and it’s not known where the cuts will be made," he explains.
The factories in Denmark are located in Brande, Vejle and Aalborg. Siemens Gamesa has called for a meeting tomorrow.

In mid-October, Siemens Gamesa announced the expected negative result. Impairments on inventories, especially in the US and South Africa, were reported as a cause.

Adjusted EBIT decreased by 18 percent to 774 million EUR in the last fiscal year ending at the end of September. Although sales increased by 5 percent to almost 11 billion EUR, the second half of the year was much worse than the first half. The company thus had a loss of 147 million EUR in the fourth quarter of the financial year.

Source: The editors of Maritime Denmark


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