Siemens Gamesa, the wind turbine business of Siemens Energy AG (ETR:ENR), plans 4,100 job reductions, representing some 15% of its workforce, according to
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BERLIN (AFP) – German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for EUR3.5 billion (USD3.8 billion). Innomotics, a subsidiary whose motors and other systems are used in a variety of industries including chemicals, oil, utilities and automotive, employs around 15,000 people. […]