As part of restructuring measures and adjustment of business activities, General Electric is preparing to reduce headcount in its onshore wind segment . GE’s employees in North America, Latin America, the Middle East, and Africa have been notified about the layoffs.
This comes after a recent announcement by SIEMENS GAMESA, GE’s competitor in the wind turbine market, on how it would reduce the number of employees by 10%, mainly in Europe
Boston-based General Electric is about to start laying off workers in its onshore wind turbine sector in a bid to turn the business around, Reuters reported, citing unnamed sources. The onshore wind turbine industry faces weak demand, rising costs, and delays in the supply chain.
The cuts will affect 20% of the workforce in the industry sector in the United States and employees in Latin America, the Middle East, and Africa. The article adds the company intends to reduce the number of workers in Europe and Asia-Pacific as well. GE operates in 42 countries worldwide.
At the end of last year, GE employed 38,000 workers in its onshore wind sector, the largest in the company’s renewable energy businesses.
The wind turbine sector is struggling with soaring prices of raw materials and supply chain pressures that started with the COVID-19 pandemic and were exacerbated by the war in Ukraine.