Germany -RWE plans giant layoffs -July 17, 2012

RWE is in ‘talks with the labour representatives’ over plans to reduce its workforce to cut costs, but has so far not provided concrete figures. A spokesman of the trade union Verdi said the company had revealed ‘another 2,000-5,000 jobs are to be cut’, adding that this number is on top of plans to axe 8,000 staff, revealed by a source in December 2011. According to Verdi, the cuts would mean about 18% of RWE's total workforce, which stood at just over 72,000 at the end of March 2012.


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