Business · Companies · 11 hrs ago
Eon plans savings programme and job cuts from 2027
Eon is developing a savings programme called Polaris with consultancy McKinsey.
The energy network operator says it regularly reviews how to improve its business.
Rising costs are putting pressure on the company, while customers and staff have complained about inefficient processes.
Eon chief executive Leo Birnbaum has criticised complex structures and bureaucracy, saying they can lead to longer procedures and higher costs.
The plan is intended to streamline Eon's organisation, not only reduce costs.
Eon plans to cut jobs at its headquarters from 2027, though no number of positions is given.
The company has not set out further details of the programme in the information available.
Eon plans to cut jobs from 2027 as part of a savings programme called Polaris.
The company is working on the programme with management consultancy McKinsey.
Rising costs are putting pressure on the network operator, while customers and employees are frustrated by inefficient processes.
Eon says it regularly reviews the company for possible improvements.
- Who
- Eon, led by chief executive Leo Birnbaum.
- What
- The company is working on a savings programme called Polaris and plans to cut jobs.
- When
- Job cuts are planned from 2027.
- Where
- At Eon; the article is datelined Düsseldorf.
- Why
- Rising costs are putting pressure on the company, and the article cites inefficient processes and complex structures.
This story does not have two clearly opposing sides.
It became known that Eon was working with McKinsey on the Polaris savings programme.
Eon plans to begin cutting jobs.
- Programme
- Polaris
- Consultant
- McKinsey
- Job cuts planned from
- 2027
- Eon chief executive
- Leo Birnbaum
What people are saying
Germany suffers from a culture of bureaucracy that rewards complexity and delegates responsibility.
Eon’s savings programme surprised me. That raises the question of whether Eon has been doing too well so far or whether, for some reason, the company cannot avoid such a programme.