Yahoo Finance Siemens Energy plans 10,000 new hires as part of grid unit investment - reports
Investing.com -- Siemens Energy (ETR:ENR1n) is planning to recruit over 10,000 workers as part of a 1.2-billion euro investment over the next six years in its electricity grid unit, according to media reports.
Citing the head of the firm's Grid Technologies division, Reuters reported that Siemens Energy expects global spending on power grids over the next 15 years to be "as large as those made in the last 150 years."
The Financial Times, which had first reported on the plans, added that the Grid Technologies segment is aiming to plug the funds into new factories and increased manufacturing capacity in the U.S., Europe and Asia.
Roughly 40% of the new roles will be in Europe, a fifth will be in the U.S. and India, respectively, and the rest will be elsewhere in Asia and Latin America, the FT reported.
Shares in Siemens Energy, a spin off of the gas and power business of Germany's Siemens, rose in early trading on Tuesday. The stock has been volatile in reent months as the company attempts to turn-around its ailing Siemens Gamesa wind turbine unit.
Related Articles
Siemens Energy plans 10,000 new hires as part of grid unit investment - reports
Jollibee Foods to take control of S.Korea's Compose Coffee in $340 million deal
Scientists wary of bird flu pandemic 'unfolding in slow motion'
