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E.ON sees up to 5,000 job cuts as part of Innogy deal

Reuters  |  ESSEN, Germany 

ESSEN, (Reuters) - expects as many as 5,000 job cuts and 600 million to 800 million euros ($740-987 million) of synergies as part of a major asset swap with peer involving its unit.

"Structural change is always associated with uncertainty for affected employees. and are convinced that, by combining forces, each of the business areas that are touched by this transaction will have better prospects than before," and said in a joint statement on Monday.

(Reporting by Christoph Steitz; Editing by Maria Sheahan)

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First Published: Tue, March 13 2018. 00:11 IST