By Christoph Steitz and Tom Käckenhoff
The goal was to "simplify organization and optimize overhead costs" while the Siemens Gamesa's onshore wind turbine capacity is to be adjusted according to a refined product and market roadmap, according to presentation slides said.
The company did not provide specifics.
"The turnaround of Siemens Gamesa remains our highest priority and we now have a defined path and action plan to reach break-even for the wind business in fiscal year 2026 and to return to profitability thereafter," Siemens Energy CEO Christian Bruch said.
The comments come less than a week after Siemens Energy disclosed a 4.6-billion-euro loss due to Siemens Gamesa, where a mix of product quality issues and ramp-up problems have pushed a much anticipated break-even out to 2026.
Siemens Energy also recently secured a 15 billion euro guarantee package needed to safeguard its 112 billion order book, an agreement that has caused the group's shares to recover from a recent record low.
Siemens Gamesa, which has become a major burden for its parent, will also reduce the number of turbine variants it sells and pause any wind product initiatives in what it says are "adjacent fields", singling out hydrogen.
($1 = 0.9168 euros)
(Reporting by Christoph SteitzEditing by Madeline Chambers, Miranda Murray and David Evans)
