Uniper will cut 2,000 jobs to reduce costs

Uniper will cut 2,000 jobs to reduce costs

German energy group Uniper is on the verge of cutting approximately 2,000 jobs or in other words 14% of the company’s workforce, by the end of 2018 as part of a cost-cutting program launched in 2016. That’s what its finance chief revealed to the Rheinische Post.

Last year Uniper told that it intended to save about 400 million euros by the end of 2018 by simply cutting jobs as well as spending as it ought to withstand a crisis at its generation business. However, the giant didn’t tell how many jobs should be cut.

The German company has already agreed with labor bosses on job cuts via partial retirement, natural attrition as well as severance packages, as finance chief Christopher Delbrueck disclosed in an interview to the Rheinische Post.

By the way, more than a third of the jobs being cut are those of employees who remained at E.ON in the spin-off, folks at shut-down power plants and also divested units.

As for the remaining 1,250 jobs, they will be strictly assessed by efficiency program Voyager, and most of them will be eliminated too.  

Similar

NZ Retail Sales

Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23…

nzd

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera