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Uniper to Cut 400 Jobs as EBITDA Forecast Falls Sharply

The state-controlled group faces a requirement to cut government ownership to 25 percent by 2028 under EU rules.

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Overview

  • Uniper confirmed it will eliminate 400 positions in response to persistently low gas prices and regulatory delays.
  • The company will negotiate a voluntary exit scheme with employee representatives that may include early retirement options.
  • Management said it will explore further efficiency measures and potential additional job reductions to strengthen its financial position.
  • Uniper projects adjusted EBITDA will shrink to between €0.9 billion and €1.3 billion in 2025, down from €2.61 billion in 2024.
  • The German federal government, which holds a 99 percent stake, must reduce its share in Uniper to 25 percent by 2028 under EU conditions.