Finance
Uniper to cut 400 jobs over 'challenging' market environment
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
Uniper will cut 400 jobs, citing a challenging energy market and falling power prices. More layoffs may follow as the company seeks to maintain profitability.
FRANKFURT (Reuters) -German state-owned utility Uniper on Thursday said it was planning to cut 400 jobs, or around 5% of its staff, citing a challenging energy market environment that includes falling wholesale power prices.
Citing "challenging market developments and regulatory delays", Uniper also said it would look for other ways to cut costs to safeguard its profitability.
Newspaper Rheinische Post earlier reported the job cuts.
Shares in the company were down 1% following the news.
Uniper's works council chief said he expected even more job cuts to come.
"Four hundred jobs are just the beginning, more are to be cut," Harald Seegatz told Reuters.
Employee representatives will scrutinise the planned layoffs and lobby for socially responsible measures, Seegatz said.
"However, it is understandable that the delay in the power plant strategy and the fall in electricity prices make adjustments necessary in order to keep the company financially healthy," he added.
(Reporting by Tom Kaeckenhoff and Christoph Steitz, Editing by Friederike Heine and Madeline Chambers)
Uniper is planning to cut 400 jobs, which is about 5% of its staff.
Uniper cited a challenging energy market environment and regulatory delays as reasons for the job cuts.
Harald Seegatz, the works council chief, indicated that the 400 job cuts are just the beginning, suggesting that more layoffs may follow.
Employee representatives will scrutinize the planned layoffs and advocate for socially responsible measures.
Following the announcement of the job cuts, shares in Uniper fell by 1%.
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