Job worries at Uniper after Finnish takeover offer

Employees of German utility Uniper fear that the company could be split up after its potential acquisition by Finnish energy group Fortum, affecting many jobs, write Michael Bauchmüller and Benedikt Müller in Süddeutsche Zeitung. Should Fortum become a major shareholder, it could decide to sell business areas which do not correspond to the Finns’ strategy of climate-friendly power production, such as gas and coal-fired power plants, Immo Schlepper of trade union Verdi told Süddeutsche.  

Read the article (behind paywall) in German here.

Find background in the CLEW news digest entry Utility E.ON in advanced talks to sell Uniper stake to Finnish utility Fortum, the dossier Battered utilities take on start-ups in innovation race, and the factsheet Germany’s largest utilities at a glance.