Vattenfall to save SEK 2 billion to make room for investments
In its strategic transformation process Vattenfall has identified a need to increase efficiency in staff and support services. A program with an ambition of a SEK 2 billion cost reduction target for these areas by 2020 has been decided.In the light of a rapidly changing energy landscape, Vattenfall needs to adapt in order to stay competitive. Magnus Hall, President and CEO of Vattenfall, says: “Vattenfall has a clear strategic direction and a path for transformation in which we include needed cost reductions to free up capital for future investments.” With the transformation that has