Union says E.ON may shed 10 pct of workers-paper

FRANKFURT, June 16 Tue Jun 16, 2009 3:38am EDT

FRANKFURT, June 16 (Reuters) - Germany's E.ON (EONGn.DE), the world's largest utility, might shed some 10 percent of its workforce, representing some 9,000 jobs, according to services union Ver.di, German paper Die Welt reported on Tuesday.

E.ON might cut as many as 6,000 jobs in Europe and outsource as many as 3,000 more, according to Ver.di, which calculated the number by evaluating E.ON's cost cutting program called "Perform-to-Win", the paper said.

A spokesman for E.ON said that the company might cut jobs but is still working out the details of the planned cost cuts.

The utility, which employed some 94,000 workers at the end of 2008, is seeking to boost earnings by as much as 1.5 billion euros ($2.07 billion) by 2011 with the help of the program, which was launched in February of this year. ($1=.7232 Euro) (Reporting by Peter Dinkloh and Matthias Inverardi; Editing by Hans Peters)

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