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Siemens Energy notifies state of intent to close Olean facility in 2022, over 400 employees affected

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Posted at 11:10 AM, Apr 30, 2021
and last updated 2021-04-30 11:10:55-04

OLEAN, N.Y. (WKBW) — According to a notice to the state labor department Siemens Energy plans to close its Olean Facility by June 2022.

The notice says 421 employees will be affected and separations will begin on July 23, 2021 and continue through June 20, 2022.

The closing date is listed as June 30, 2022 and reason for dislocation is listed as "Economic- The business will cease all manufacturing, assembly, and test operations affecting a total of 421 employees."

In February Siemens announced plans to reduce the workforce at the facility by more than 500 which it said was part of a plan to reduce its current global workforce until 2025 by about 7,800 jobs in its gas and power segment.

“It’s largely because of the change in the global energy industry. We’ve been losing money. Oil and gas spending has been dropping since 2013. We have limited recovery expected," a spokesperson said to 7 Eyewitness News in February.