Archive for January 25th, 2012
Eon reaches deal with unions over job losses
Eon, the German utility, claimed to have cleared an important hurdle in its bid to cut costs by shedding up to 11,000 of some 80,000 global employees when it announced a deal with German unions about job cuts in its home market.
The company said that it and IG BCE and Verdi had agreed rules for early retirement deals, pay-offs and retraining in order to shed 6,000 workers in Germany over the next four years.
Regine Stachelhaus, Eon’s personnel chief, said the agreement “created the basis” for the utility to reach its goal of cutting what it defines as controllable costs by €1.5bn to an annual maximum of €9.5bn by 2015.
Erhard Ott, a senior member of the Verdi union, said the deal ensured that workers who lost their jobs would still enjoy “a high degree of security as well as perspectives for the future”.
Following Germany’s decision to bring forward the phase-out of nuclear energy to 2022 from 2036, Eon last summer announced redoubled asset disposals and new cost cuts in order to ready its balance sheet for expansion outside Europe, and into renewable energy generation.
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RR Donnelley signs multi-million dollar agreement with Metro
RR Donnelley has been awarded a multi-year multi-million dollar agreement by Metro, a grocery and pharmacy chain in Quebec and Ontario with more than 65,000 employees.
Under the terms of the agreement, which renews and expands the companies’ relationship, Metro will draw upon RR Donnelley’s Canadian production, distribution and technology platform for its administrative and operational documents, which includes variable imaging, labels, forms, electronic documents, fulfillment and logistics.
‘RR Donnelley has been a strategic business provider for Metro for 10 years,’ said Richard Dufresne, Metro’s senior vice president and chief financial officer. ‘We are pleased to continue this long-term relationship in a new agreement. We believe that RR Donnelley’s production capabilities and its technology-based solutions are fully aligned with Metro’s Customer First Strategy, to help support a better shopping experience for our customers.’
With more than $11 billion in annual revenues, Metro is a leader in the food and pharmaceutical sectors in Quebec and Ontario, where it operates a network of 564 supermarkets under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as 257 pharmacies, mainly under the Brunet, Pharmacy and Drug Basics banners.
‘We are very proud of the business relationship that Metro and RR Donnelley have developed and are honored to support Metro’s strategic vision,’ said Allen Hallis, president, RR Donnelley, Canada. ‘Our diverse platform and variable imaging capabilities are an ideal fit for Metro’s in-store presentation requirements as well as their supply chain network.’
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