In its strategic transformation process Vattenfall has identified a need to increase efficiency in staff and support services. A program with an ambition of a SEK 2 billion cost reduction target for these areas by 2020 has been decided.
With the transformation that has been taking place during the past years, Vattenfall has shrunk significantly. However, staff and support functions have not been reduced to the same extent. At the same time Vattenfall is operating in a rapidly changing energy landscape. Therefore a cost saving need and an opportunity for even higher agility has been identified in this area. The savings ambition is so far only set in monetary terms. It is very likely that a reduction in workforce will be an essential part of the solution. However a target in terms of employees has not been set at this stage.
