RWE Warns of Job Cuts, Lower Output Over Hambach Verdict -WAZ

Date : 10/11/2018 @ 9:11AM
Source : Dow Jones News
Stock : Rwe (PC) (RWEOY)
Quote : 21.99  -0.265 (-1.19%) @ 10:00PM

RWE Warns of Job Cuts, Lower Output Over Hambach Verdict -WAZ

Rwe (PC) (USOTC:RWEOY)
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--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.

 

Full story: https://bit.ly/2EbeN8f

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

October 11, 2018 04:56 ET (08:56 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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