EDF Seeks to Cut Costs by Up to EUR3 Billion -Le Monde
July 06 2020 - 11:32AM
Dow Jones News
--Electricite de France SA is preparing a cost-cutting plan
called Mimosa to save between EUR2 billion and EUR3 billion during
the next years as the coronavirus crisis has hit its business hard,
French newspaper Le Monde reports, citing unnamed sources.
--The plan could include the divestment of assets as well as a
hiring freeze, and the state-controlled French utility will try to
reduce costs at all its subsidiaries and divisions, according to Le
Monde.
Full story in French: https://bit.ly/38HTeYV
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(END) Dow Jones Newswires
July 06, 2020 11:17 ET (15:17 GMT)
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