Internal restructuring
European Union
Location of affected unit(s)
Sweden Germany
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
28 April 2015
Employment effect (start)
28 April 2015
Foreseen end date


Swedish power company Vattenfall has announced plans to cut 1,000 full-time equivalent jobs. Half of the cuts will affect administrative positions. The cuts come in response to a fall in the company’s first quarter earnings, which Vattenfall has linked to falling electricity prices and increasing production costs.

The company also announced plans to close two Swedish nuclear reactors earlier than planned, between 2018 and 2020 instead of, as previously announced, around 2025.

Vattenfall continues the process of divesting its German lignite operations, which employ approximately 8,000 staff. However, the process faces delays due to concerns over the proposed coal levy in Germany.

Vattenfall operates in Sweden, Finland, Denmark, the Netherlands and Germany and Britain. More than 11,000 of the company’s 31,000 staff are located in Germany. The cuts continue a downward trend in Vattenfall’s workforce, which stood at 40,000 in 2010.


  • 28 April 2015: Rbb Online
  • 28 April 2015: Reuters
  • 28 April 2015: DW (online)
  • 28 April 2015: Expressen


Eurofound (2015), Vattenfall, Internal restructuring in European Union, factsheet number 83087, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83087.