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Siemens plans Power & Gas shutdowns due to power weakness
short by Ankur Harna / on Monday, 7 May, 2018
Siemens said on Monday weakness in the power generation market is forcing it to temporarily shut down its Power & Gas sites around the world. Large gas turbines are increasingly unloved as the world shifts to renewable energy, which is weighing on Siemens' earnings and prompting the group to restructure the PG business.
read more at Reuters