Monday, November 4, 2019

Siemens Gamesa FY19 Profit Doubles; To Cut Up To 600 Jobs

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy, S.A. (GCTAF.PK) on Tuesday reported that its net income for fiscal year 2019 doubled from the previous year to 140 million euros. The company also said it will reduce its white collar headcount by up to 600 over the next two years, as it focuses on sustaining profitable growth.

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