EnergyWatch

E.on CEO announces layoffs

German energy group E.on will make cuts in administration staff as part of a savings strategy for millions.

Photo: E.ON

E.on CEO Johannes Teyssen began 2017 with a sad statement. The German energy behemoth is planning a round of layoffs at its headquarters in Essen, where 600 employees work in administration. The firings are part of savings measures with the intention to cut EUR 400 million in costs.

"Based on previous experience, 50 percent of savings in such efficiency programs come from personnel costs and 50 percent from the cost of material," Teyssen told German newspaper Rheinische Post this Saturday, according to Reuters.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs