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Siemens Energy considers factory, office closures at wind division (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The German power equipment supplier is struggling with far-reaching quality issues at its onshore wind turbine division as well as potentially loss-making offshore contracts, which have caused its shares to more than halve since June.

I guess Germany will import their wind turbines?

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[–] [email protected] 2 points 1 year ago

A parent company sitting in Germany doesn't make it German quality production when everything is outsourced.

Yeah, you spotted the problem. The label is nearly worthless nowadays.