Together with its other business unit, wind-turbine maker Siemens Gamesa Renewable Energy SA, Siemens Energy employs more than 91,000 people. The company plans to complete most of the layoffs by 2023 and the rest by the end of 2025. Siemens Energy said the cuts will include 3,000 jobs in Germany and 1,700 in the U.S., with about three-quarters in administration, sales and management roles. it's really a long-term process,' he said. 2, adding that the restructuring is 'a necessary step' to adapt to the changing energy market. 'There's a long way to go before we are where we want to be in terms of profitability,' Christian Bruch, the company's CEO, said Feb. The gas and power unit builds and maintains coal and gas turbines for large-scale power plants and smaller industrial applications, and also includes electric transmission and new energy solutions like green hydrogen. The newly listed company, which was spun off from parent Siemens AG in 2020, said it will reduce its workforce as part of a previously announced target to cut costs in the division by в‚¬300 million. Siemens Energy AG plans to lay off about 7,800 workers in its global gas and power business as the company tries to stay competitive in an industry shaken by the transition to renewable energy and the effects of the coronavirus pandemic.

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