Cost cutting as losses continue at wind turbine suppliers

" the world’s largest producer of offshore turbines was considering cutting around 2,500 jobs, or about 9% of its overall payroll, in an attempt to end the losses"

Siemens " Chief Executive Jochen Eickholt told Reuters on Tuesday the company aimed to fix major issues with its flagship onshore wind turbine model over the next three months, though he warned 10 to 15 related loss-making projects would stay a drag until 2024."

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