Internal restructuring
Location of affected unit(s)
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

1,500 jobs
Number of planned job losses
Job loss
Announcement Date
2 March 2010
Employment effect (start)
Foreseen end date


Vattenfall Europe, the German subsidiary of Swedish energy supplier Vattenfall Group, is to cut 1,500 out of 21,000 jobs in Germany. This is part of a cost cutting programme of €340 million. €180 million are to be saved by reducing labour costs. Direct dismissals will be avoided as the company has signed a collective agreement that excludes direct dismissals until the end of 2012. Hence, job cuts will mainly be realised by implementing an early retirement scheme. As of March 2010, there is no information on when the measure is to be implemented. In addition, Vattenfall's service unit VEK employing 900 people is to be sold. The United Services Union ver.di called for protests.


  • 2 March 2010: Financial Times Deutschland
  • 26 February 2010: Financial Times Deutschland
  • 2 March 2010: Reuters
  • : (www.ftd.de)


Eurofound (2010), Vattenfall Europe, Internal restructuring in Germany, factsheet number 70249, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70249.