Siemens Gamesa has recently announced the next step in the implementation of its new operating model, which forms part of the Mistral strategy program and is designed to strengthen their position in the offshore sector. As we read in the company’s press release, the new operating model can severely impact around 10% of the workforce which corresponds to 2,900 positions globally.
In the first nine months of the year, Siemens Gamesa has recorded a 12 percent decline in their revenues. With the rising energy costs and analogically the shortages of components and delays in supply, Siemens Gamesa took a decision to implement the new operational model, as a part of the Mistral strategy program. Mistral stands for an organizational review which was initiated to identify synergies across several functions, and to adjust the manufacturing footprint and capacity to match market demands. According to information provided by the company, the lay off will be particularly executed in major European countries: 800 jobs are planned to be shed in Denmark, 300 in Germany, 475 in Spain and 50 in the United Kingdom. Further reductions are also planned in other countries across the world.
“It is never easy to make such a decision, but now is the time to take decisive and necessary actions to turn the company around and ensure a sustainable future. We need to build a stronger and more competitive Siemens Gamesa to secure our position as a key player in the green energy transition,” said Siemens Gamesa CEO Jochen Eickholt in the Siemens Gamesa press release.
We can read further that the decision of the company is closely linked to the ambitions to “strengthen specific areas within key leading markets to capitalize on its strong market position in offshore, as well as growing across the entire value chain and driving a project-centric business approach,” the statement reads.
Source: Siemens Gamesa
