Siemens Energy CEO is not satisfied with Siemens Gamesa

Those are the statements that appeared in the press, Mr. Christian Bruch who is the CEO of Siemens Energy declared at the beginning of last August that he was not satisfied with the results of Siemens Gamesa.

Siemens Energy owns 67% of the shares of Siemens Gamesa, and if the “owner” of the large company says that he is not satisfied with the results of the small company, the workers of the same should worry a little.

I do not know if the message was for that, or rather a warning.

I have known Gamesa since its inception. First it was Gamesa Eólica, then only Gamesa and later Siemens Gamesa when Siemens bought a majority of its shareholding.

Gamesa Eólica started in 1994 to make turbines and wind farms, starting with Vestas technology and continuing on its own 7 years later with its own technology, becoming one of the leaders in the world of wind energy market.

For almost 20 years it has been first the Spanish leader in wind energy and then a world leader in this field.

Wind prospects are very positive for the next 20 or more years, and wind turbines are essential to achieve the clean energy needed for the future.

Siemens’ “move” to buy the majority of Gamesa was very intelligent, and very typical of large companies with significant financial means (such as Siemens). In just a few years, Siemens has absorbed Gamesa’s technology and is in a position to be someone more important in the wind power market.

Everyone who has participated in the “economic” part of this merger has won. Siemens is stronger, Iberdrola has achieved a capital gain of more than 1,000 million euros, etc…. all have earned except Gamesa workers (now Siemens Gamesa), since before the important decisions of the company were taken in Spain and now they are taken in Germany, and in those decisions the German workers have preference. Let no one have any doubts.

All companies have ups and downs over the years. Some years they earn more and others a bit less, and in some they even lose something temporarily.

In 2019 Gamesa presented excellent results, as can be seen in the two photos published by the company last year

This year things have gotten tougher due in particular to rising materials costs, something that has happened around the world, and it is announced that the results are going to get worse.

And this, which is part of the normal business evolution, is beginning to be taken out of its context to warn of possible serious consequences and ultimatums to the Siemens Gamesa management. Negative messages that do not help at all, quite the opposite.

As I am already a little older and therefore rather negative, I think that once Siemens has obtained the Gamesa technology, perhaps what would be convenient for them would be to have some “maquila” factories to obtain their products at low cost, and nothing better than having the Spanish workers under the sword of Damocles and scared.

I have worked in the Spanish industry for more than 40 years and I have seen how the industrial structure of this country was gradually dismantled, with a few honorable exceptions, and GAMESA was one of them.

What remains of GAMESA is still very important (now the heirs are called Siemens Gamesa and Aernnova) and there are 30,000 people working in Spain with technology, products and decent wages.

As I said before, companies have ups and downs and the pandemic has been a great stone in the way, but those companies have a future, unless someone is interested in cutting it off. I hope with all my heart that is not the case.

But ….