“Falling power prices: RWE tightens austerity measures and cuts more jobs”
dpa/ Spiegel Online
German energy utility RWE, which employs a around 14,000 people, is earning less money due to falling power prices and will therefore cut around 2,300 jobs in Europe, 1,600 of them in Germany, dpa reports. By 2018 RWE Power wants to cut annual costs amounting to 1.5 billion euros.
Read the article in German here.
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