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E.on UK plans 500 job cuts

Rampion turbines. Source: E.on UK plc (www.eonenergy.com)

August 1 (Renewables Now) - E.on UK Plc intends to axe 500 jobs across its operations as part of an ongoing transformation aimed at achieving savings of around GBP 100 million (USD 131m/EUR 112m) in the medium term.

The UK subsidiary of German energy group E.on SE (ETR:EOAN) plans to achieve the reductions on a voluntary basis wherever possible, and because of that it cannot, at this point, be more specific about which business areas will be affected. It still noted that it seeks to reduce numbers across non-customer facing departments. Presently, the company employs over 9,400 people across the UK.

E.on UK’s CEO Michael Lewis described the planned move as a response to the rapid pace and challenges of the UK energy market. He said that the decision comes after a rigorous review of the company’s options to ensure it maintains costs as low as possible, become more agile and continue to be a sustainable business.

“Our proposals today are part of a wider range of measures to reinvent our core business for the new energy world; where self-reading smart meters give customers more accurate bills and greater knowledge about their energy, and a wide range of solutions such as solar, storage and e-mobility put customers more in control of their energy,” Lewis added.

(GBP 1.0 = USD 1.312/EUR 1.123)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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