RWE Said to Plan 3,400 Job Cuts at Its Generation Unit
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RWE AG, the biggest producer of electricity in Germany, plans to cut 3,400 of about 18,000 jobs at its Generation SE unit by 2018 as margins for its conventional power plants dwindle, said a person briefed on the matter.
About 2,300 positions will be eliminated in Germany, while 900 people will lose their jobs in the U.K. and 200 in the Netherlands, said the person, who asked not to be identified before the plan is made public. Annett Urbaczka, a spokeswoman at Essen-based RWE, confirmed that staff at the Generation SE unit will be reduced, while declining to provide a number.