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The job cuts could affect 15 percent of Siemens Gamesa's workforce. Photo credit: T. Schneider/Shutterstock.com Siemens Gamesa, the wind turbine division of Siemens Energy, has announced plans to cut its workforce by 15 percent, eliminating 4,100 jobs. Reuters I reported it. The information was revealed in an internal letter by Siemens Gamesa CEO Jochen Eickhold, who said: “The current situation calls for adjustments that go beyond organisational changes. “We need to adapt to declining business volumes, reducing activity in non-core markets and streamlining our portfolio.” A company spokesman said the exact number of jobs affected would be confirmed once consultations…

HAMBURG — Regional turboprop aircraft manufacturer ATR has unveiled the latest development in its range of cabin options for its Highline brand, announcing that it has signed a deal with seat manufacturer Geven to implement an all-business class seating model, with its first customer, Berjaya Air, due to take delivery next year. ATR will launch its HighLine series for the first time in 2023, touting five different concepts for the ATR 72, ranging from VIP transport to traditional multi-class configurations. This year, the aircraft manufacturer has placed a particular emphasis on its all-business-class option, revealing how the product has evolved…

If you carried on business in Victoria in 2020, please read this notice carefully as it may affect your legal rights. What is the Hotel Quarantine (Business Loss) Class Action Lawsuit?The class action lawsuit seeks damages for damages suffered by the retail industry as a result of the “second wave” lockdowns that occurred in Victoria between July and October 2020. Plaintiffs allege that the lockdowns were the result of negligence in the hotel quarantine program.Are you a member of the class?You are a member of a class if all three of the following conditions are met:On 1 July 2020, it…

Dallas — In a launch at Aircraft Interiors Expo (AIX) 2024, ATR has revealed the advanced design of its new all-business class configuration, part of the ATR HighLine cabin collection. This development comes just a year after ATR introduced its premium cabin configuration aimed at enhancing the in-flight experience for business aviation, commercial airlines and charter flights.ATR Highline Cabin, ETEREA Business SeatThe ATR Highline cabin can be installed as a retrofit or as new, making it flexible for a variety of aviation needs. One of the distinctive features of the Highline cabin is its wider cross section compared to private…

IMARC Group's report “Tableware Manufacturing Plant Project Report 2024: Industry Trends, Factory Setup, Machinery, Raw Material, Investment Opportunities, Cost & Revenue” provides a complete roadmap for setting up a tableware manufacturing plant. The report covers various aspects ranging from a broad market overview to intricate details such as unit operations, raw material & utility requirements, infrastructure needs, machinery requirements, manpower needs, packaging & transportation requirements, etc.In addition to the operational aspects, the report also provides detailed insights into the tableware manufacturing process, project economics covering key aspects like capital investment, project financing, operational costs, revenue and expenditure forecast, fixed and…

summary ATR is scheduled to deliver its first Highline all-business class ATR-72 with 1-1 seating in late 2025. Our client, Berjaya Air, strives to provide the best guest experience. ATR offers five premium cabin options. ATR today revealed new details about the all-Business Class cabin that is set to debut on Berjaya Airways late next year. ATR Berjaya Air has unveiled five new premium cabin options, including an “all-class business class” layout that will be used on its operations. Berjaya Air is a subsidiary of Malaysia's Berjaya Corporation, whose main purpose is to transport guests to the group's hotels and…

IMARC Group's report “Disposable Napkin Manufacturing Plant Project Report 2024: Industry Trends, Factory Setup, Machinery, Raw Material, Investment Opportunities, Cost & Revenue” provides a complete roadmap for setting up a disposable napkin manufacturing plant. The report covers various aspects right from a broad market overview to intricate details like unit operations, raw material & utility requirements, infrastructure needs, machinery requirements, manpower needs, packaging & transportation requirements, etc.In addition to the operational aspects, the report also provides detailed insights into the disposable napkin manufacturing process, project economics, covering crucial aspects like capital investment, project financing, operational expenses, revenue and expenditure forecast,…

IMARC Group's report “Faucet Manufacturing Plant Project Report 2024: Industry Trends, Factory Setup, Machinery, Raw Material, Investment Opportunities, Cost & Revenue” provides a comprehensive guide to setting up a faucet manufacturing plant. The report covers various aspects ranging from a broad market overview to intricate details such as unit operations, raw material & utility requirements, infrastructure needs, machinery requirements, manpower needs, packaging & transportation requirements, etc.In addition to the operational aspects, the report also offers detailed insights into the economics of the faucet manufacturing plant and project, covering crucial aspects like capital expenditure, project funding, operational costs, revenue and expenditure…

Eric Kutcher, senior partner and CFO at McKinsey, did not have the most traditional path to a financial leadership role. That said, having begun his career as an engineer, Kutcher brings an analytical problem-solving perspective that is of great value to today’s finance chief. Kutcher’s inherent curiosity and constant questioning “enabled me to…push [my team] to think a little bit outside the box. It pushes them to say, ‘I get that’s how I was always taught to think about it, but why do it that way? Is there another way to think about it?’” Kutcher says. In this episode of…

Gautam Adani speaking during the event. File photo Adani Enterprises Ltd (AEL) on Tuesday said it would raise Rs 16,600 crore through qualified institutional offering (QIP) or other permitted channels in one or more instalments in accordance with applicable law for aggressive expansion. The board of directors of the Adani Group flagship company has approved raising funds through issue of one equity share of face value of one rupee. “The board has approved raising funds in one or more instalments through qualified institutional offering (QIP) or any other permitted mechanism an aggregate amount not exceeding Rs 16,600 crore or its…