Rwe (PC) (USOTC:RWEOY)
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3 Months : From Sep 2018 to Dec 2018
--RWE is concerned that thousands of jobs are at risk after a German court ordered the company to temporarily halt mining operations in the Hambach Forest, where it employs around 4,600 people, newspaper Westdeutsche Allgemeine Zeitung reports.
--The German energy company expects production of lignite coal to fall 38% to 15 million tons a year as a result of the court decision, resulting in millions of euros in financial damages, the newspaper says, citing a letter to employees from RWE CEO Martin Schmitz.
--RWE shares are down 0.9% at EUR16.96.
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(END) Dow Jones Newswires
October 11, 2018 04:56 ET (08:56 GMT)
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