, Columnist
Tree-Hugging Turbines? Try Cut-Throat Capitalism
With margins squeezed, the wind industry is having to cut jobs.
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In case you were under the misapprehension executives in the wind energy industry are bunch of cuddly, Birkenstock-wearing tree-huggers, look at Siemens Gamesa Renewable Energy SA.
Late Monday, the turbine maker announced thousands of job cuts. The reductions are a response to slowing demand as well this year's merger of Siemens and Gamesa's wind operations.