Internal restructuring
Location of affected unit(s)
Madrid, Zamudio (Vizcaya) and Sarriguren (Navarra)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.20 - Activities of holding companies

109 jobs
Number of planned job losses
Job loss
Announcement Date
5 November 2019
Employment effect (start)
Foreseen end date
6 November 2021


Siemens Gamesa, the Spanish multinational company of new technologies dedicated to wind energy, announced the dismissal of 600 workers worldwide, 109 in Spain. This announcement comes after the company's shares fell 8.68% due to the results of its 2019 fiscal year (despite doubling its profits). Siemens Gamesa points out that price pressure is affecting the margins of the wind industry and consequently the profitability of manufacturers. 

At this time, the company and the workers' representatives are negotiating to reach an agreement on the adjustment plan. Unions want to prioritise early retirement plans as an implemented measure. 

Siemens Gamesa workforce already faced a collective layoff plan in 2018, affecting 226 workers.



Eurofound (2019), Siemens Gamesa, Internal restructuring in Spain, factsheet number 99341, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99341.