Energy: Debt, Image, Double Structures - Why Eon Wants to Save Now
Rising costs are putting pressure on the network operator. Customers and employees are annoyed about inefficient processes. The savings program is not just about reducing costs.
Eon, a major energy company, has launched a cost-cutting program called "Polaris" in collaboration with McKinsey. The program aims to simplify the company's structure and reduce costs, with a focus on its central administration rather than operational units. Eon plans to implement the savings measures from 2027, which coincides with the company's goal to reduce costs ahead of the next regulatory period for its grid business.
The move comes as Eon faces increasing challenges, including a rising debt burden and pressure to invest heavily in grid expansion, with 48 billion euros planned by 2030.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
