Reduced costs with fewer employees
Approximately 2,500 employees might leave the company when Vattenfall has to cut costs by SEK 3 billion during 2013 and by another SEK 1,5 billion 2014.Øystein Løseth, President and CEO of Vattenfall, painted a picture of 2013 and the coming years with a low electricity demand, an oversupply of CO2-emission allowances, production overcapacity and low electricity market prices when he and Ingrid Bonde, CFO and Deputy CEO, spoke at a meeting with the Vattenfall European Works Council today on Wednesday (6 March). “This new reality requires efforts in further improving our efficiency and