Bloomberg News

EON May Reduce Reach of Planned Firings on Union Paper, FTD Says

December 09, 2011

Dec. 9 (Bloomberg) -- EON AG may reduce the reach of its planned job cuts in reaction to a Verdi union strategy paper, Financial Times Deutschland said, citing Sven Bergelin, a member of the utility’s supervisory board.

The union paper suggests the German company set up a system of mini-heating and power plants as well as focus on services such as energy-efficiency advice, the German newspaper said. The Verdi document will be discussed at a supervisory board meeting on Dec. 12, FTD said.

EON said last month that planned job cuts would be in the “upper end” of the 9,000 to 11,000 range.

--Editor: Will Kennedy

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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