Siemens Energy plans 10,000 hires as it earmarks €1.2bn to boost electricity grid unit

Siemens Energy plans to hire more than 10,000 new employees to put its electricity grid business at the centre of an ambitious six-year growth plan, as it seeks to move beyond the problems hobbling its crisis-hit wind turbine division. The group’s Grid Technologies division — already the German energy engineering group’s largest revenue driver — will expand its workforce by two-thirds by 2030, with €1.

Elsewhere, the size of new committed energy projects in Europe meant a huge amount of infrastructure investment was going to be needed to connect them to the grid, he said. Siemens Energy was spun out of its namesake, Siemens, in 2020. For the past 18 months, the company has been rocked by problems at its wind turbine division, Gamesa, after quality issues and a private financing crunch led to a €4.6bn annual loss and a government-led rescue plan.

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Siemens Energy Prioritizes Grid Business With $1.6 Billion InvestmentSiemens Energy is investing heavily in grid expansion, hiring 10,000 employees and allocating $1.6 billion to the sector over the next six years.
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