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Energy group Eneco to cut 250 jobs as privatisation looms

June 4, 2018

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Some 250 jobs are to go at Dutch energy group Eneco which hopes to save €100m in costs through a reorganisation.

The company, which has a workforce of 3,000, says it wants to boost efficiency and digital innovation, and is merging several departments.

Around one third of the people who will lose their jobs in September are employed via staffing agencies. More jobs will go in the coming 18 months but it is not yet clear how many, the company said in a statement.

The reorganisation coincides with the sale of Eneco by its 53 local authority owners and is, the company said, ‘in the interests of our current and future shareholders’.

The Financieele Dagblad said in January that Shell was making preparations to bid for green energy firm. Other potential buyers include investment company HAL, pension fund PGGM, Japan’s Mitsubishi, Austrian energy group Vebund, private equity group CVC and French energy giant Engie, the FD said.

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