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npower owner looks to axe thousands of jobs

14th November 2013


THE owner of Midlands-based power company npower is considering axing more than 6,700 jobs across Europe over the next two years as it looks to claw back profits.The BBC said German group RWE had distributed a letter to shareholders saying it intended to cut 6,750 jobs across Europe between 2014 and 2016 and reduce costs by another €1bn (£840m) as it looked to deal with low wholesale prices for energy and an increase in renewable capacity. The proposals mean the firm could shed around 18% of its workforce.There has been......for the full story register now for free or login below...

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If my business was making 15.6m pa and I complained about the prices I paid at wholesale then got rid of staff so that I could earn 421m I would be laughed at and run out af business. As it is we have to grin and bear whatever is thrown at us by these greedy tyrants and I am seriously angry at having the "energy gun" put to my head. The future of fosil fuels is limited so I cant understand any business plan that fails to show that the future is in renewable energies and the business opportunities which come. Sorry about the rant but this makes me really angry.

Tony Laycock

So, the company that takes months on end to send an accurate bill reckons it has too many staff? ... Rightio, then!

Fleur Doidge

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