(Zero Hedge)—For much of the past year we had been pounding the table on two very simple facts: not only has the US labor market been appallingly weak, with most of the jobs “gained” in 2023 and […]
Siemens Gamesa, a Spanish company belonging to Siemens Energy – the German giant operating in the renewable energy market, is in big trouble. The situation is so serious that it plans mass layoffs, Reuters reported, […]
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about 15% of the company’s workforce. […]
FRANKFURT, May 28 (Reuters) – Siemens Energy’s (ENR1n.DE), opens new tab wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit’s Chief Executive Jochen Eickholt said in an […]
New all-time highs: Construction, Professional & Business Services, Healthcare, Wholesale trade. Layoffs whack Information. By Wolf Richter for WOLF STREET. Earlier today, we discussed the overall labor market. But each industry faces its own unique labor market. In […]
By Wolf Richter for WOLF STREET. In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over […]
For the last dozen years, as the prospects for America’s electric vehicles have veered between optimism and doom, industry insiders could always count on one rock-solid, reliable thing: Tesla’s charging network. Late Monday, that all […]
It was one of the key talking points Monday’s election debate – how decarbonisation can drive Europe’s future prosperity. Almost five years after the Green Deal was announced, this concept remains firmly embedded in […]
As the Biden White House continues to brag about the alleged success of its economic policies, government data shows the country is hemorrhaging full-time jobs. According to the U.S. Bureau of Labor Statistics, the number of Americans reporting full-time employment dropped by more than 1.7 million jobs from November 2023 to the end of March […]
The transition away from coal-fired power and the challenges in recruiting skilled workers for renewable energy projects are expected to keep electricity prices high in Australia until 2030, according to the latest NEM Benchmark Power […]
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