According to a Reuters report, Siemens plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year, citing weaker global demand and overcapacity within its network.
The operation will close between late 2019 and 2020, according to a company spokesman, who called the decision “difficult.”
In a letter to the Texas Workforce Commission, Siemens also pointed to overcapacity within its network.
Last September, Siemens said that it would cut approximately 2,900 jobs in Germany, with the goal of increasing the competitiveness of the Power and Gas Division (PG) and the Process Industries and Drives Division (PD).
Along with competitor General Electric, which recently stated it would spend $480 million to work on turbine repairs, Siemens has faced oversupply and declining sales amid weak demand for gas turbines.Tagged with Siemens