Wind turbine maker Siemens Gamesa to lay off 2,900 workers worldwide

Siemens Gamesa Renewable Energy SA SGRE, +0.03% 0H4N, +0.11% GTQ1, +0.25% GCTAY, +0.36% GCTAF, -3.13% said Thursday it will lay off 2,900 people as the wind turbine maker takes steps to return to a profit in 2024. The company currently lists 27,000 employees on its website. The staff reductions include 800 employees in Denmark, 300 in Germany, 474 in Spain and 50 in the U.K., with further cuts planned in other countries. Siemens Gamesa CEO Jochen Eickholt told Reuters on Tuesday that the company is working to stabilize is 5.X onshore wind turbine production, which has faced higher logistics and metals costs. U.S.-listed shares of Siemens Gamesa are down 28% in 2022, compared to a 22% drop by the S&P 500 SPX, -2.12%.

Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought

Technical Analysis & Forecast 12.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside

Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test

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