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Siemens Energy is cutting almost every third manager post

2022-05-24T07:53:13.770Z


The energy technology group Siemens Energy wants to reorganize its structure - and abolish numerous hierarchical levels. This should make faster decisions possible.


Enlarge image

Turbine production at Siemens Energy in Görlitz

Photo: Matthias Rietschel/ AP

A post here, a post there – and in the end everyone wants to have a say.

Apparently, the company Siemens Energy also had this impression of its own way of working.

In any case, the energy technology group now wants to make radical cuts in management and cut almost every third management job.

Where previously there were up to eleven hierarchical levels, there will be a maximum of six in the future.

The leaner structures should significantly speed up decision-making processes, the company announced at its Capital Markets Day.

The aim of the measures is, among other things, to dispense with complex coordination processes and to strengthen the sense of responsibility of individual units.

The reorganization will not result in job cuts.

The affected employees should be given other tasks, it said.

Supply chains as important as technology

"Technology is important, but is no longer sufficient on its own," said Siemens Energy CEO Christian Bruch.

»The decisive factor will be how we control our supply chains and production, how we process projects and how we successfully use our growing database.«

The segment with gas and power plants is also to be divided into three business areas: The business with gas turbines will be bundled in the Gas Services area, the largest of the new business areas with sales of around nine billion euros.

Activities in the field of power transmission and storage will in future belong to Grid Technologies (5.8 billion euros in sales), Transformation of Industry (3.9 billion euros in sales) will be for all topics relating to the reduction of power consumption and CO2 emissions in industrial processes responsible.

This should give the capital market the opportunity to better assess the development of business.

Only at the weekend had Siemens Energy submitted a multi-billion takeover bid for the shares in Siemens Gamesa, which the group does not yet own.

Siemens Energy hopes that this step will make it easier to restructure the ailing Spanish wind power subsidiary.

Apr/Reuters

Source: spiegel

All business articles on 2022-05-24

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