Vattenfall plans job cuts in German hydro power division
Vattenfall
Vattenfall plans to cut up to 60 percent of its 420 full-time employees working in its German hydro power division, the company announced in a press release. “Due to the price development on the German electricity market and the regulatory framework for existing storage facilities, Vattenfall’s pumped storage power plants have been under considerable economic pressure for years,” writes the company in a press release.
Read the Vattenfall press release in English here.
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