Media: Vattenfall might be set to fire 2,000 people

Cost reduction initiatives, like the one recently announced by Vattenfall, are "nothing out of the ordinary", due to the huge transitions in the energy industry, the CEO tells Swedish media SVT.
Photo: PR
Photo: PR

Last week, Vattenfall launched a new strategy aimed at reducing the company's costs by SEK 2 billion (EUR 210 million) by 2020. This plan entails that 1,500 to 2,000 positions will disappear, reports Swedish media SVT Nyheter. The cost reduction measures are allegedly already decided upon, according to the media's sources, and will mainly affect HQ in Solna, near Stockholm, Sweden.

Already a subscriber?Log in here

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading


See all jobs