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Wind energy: Siemens Gamesa buys parts of the wind power company Senvion

2019-10-21T12:33:39.464Z

After months of uncertainty, Siemens confirms the purchase of significant parts of insolvent wind turbine manufacturer Senvion. In Germany almost 900 jobs should be eliminated.



The sale of parts of the insolvent Windanlagenbauers Senvion to the German-Spanish competitor Siemens Gamesa is official: corresponding plans would both now binding, Siemens Gamesa and Senvion said. Accordingly, Siemens Gamesa will take over substantial parts of Europe's wind turbine onshore services business and rotor blade production in Vagos, Portugal, for € 200 million. According to Senvion, the sale will secure around 2,000 jobs. That accounts for about 60 percent of the jobs. In Germany, the majority of the remaining 1,400 jobs are affected - nearly 900 jobs are to be eliminated altogether.

Despite the downsizing, the IG Metall coast welcomed the conclusion of the negotiations: "With the takeover of the service business by Siemens Gamesa, there is a long-term perspective for about 500 employees in Germany," said district manager Meinhard Geiken. The tariff working conditions were maintained. "Nevertheless, it is painful to see how Senvion, a pioneer of the wind power industry with its own production and construction in Germany disappears from the market and hundreds of employees lose their jobs."

Employees are qualified for tasks in other companies

As early as October 1, 270 Senvion employees were transferred to transfer companies. The union expects this solution to be made possible for some 600 more workers facing dismissal in the coming months. However, this is still under financing reservation.

The affected employees are now being qualified for new tasks in other companies with funds from the employment agency and the company. Discussions are underway with the provincial governments in Bremen, Hamburg and Kiel on possible additional funds so that the transfer companies can work longer than four months.

The basic agreement for the takeover by Siemens Gamesa had already been reached in mid-September. The Senvion Creditors' Committee approved the purchase a few days ago. For some business areas, such as activities in India and the non-European service business, further negotiations are currently ongoing with potential investors.

The takeover of a service fleet with 8.9 gigawatts increases the turbine power maintained by Siemens Gamesa on land to a total of nearly 69 gigawatts, said the subsidiary of Siemens. Siemens Gamesa intends to complete the transaction in the first half of the new fiscal year 2019/20, which runs until the end of March 2020.

Source: zeit

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