Cost reduction programme Implementation of personnel measures

Bern (ots) - With the consultation procedure with social partners
now concluded, the BKW Group has finalised decisions on the personnel
and organisational measures to be implemented as part of the cost
reduction programme announced in December 2011. The workforce will
reduced in phases by around 255 jobs and across all divisions and
subsidiaries, wherever possible through natural fluctuation and early
retirement options.

The job cuts affect the individual divisions as follows: Corporate
Steering, Finance and Services, around 60 jobs; Energy Switzerland
around 80 jobs; and Energy International and Trading around 30 jobs.
Around 30 more jobs will be shed Groupwide. Thirty-five of the
targeted 55 jobs have already been shed at the Networks Division.
Sixty jobs have already been shed across the Group by not filling
vacancies, and 25 jobs will be cut in the first quarter of 2012
through early retirements and redundancies.
Organisational measures will be implemented to simplify interfaces
with the subsidiaries and to eliminate duplication. Employees of EWR
Energie AG and Elektrizitätswerk Grindelwald AG will be largely
integrated in BKW. Given the market trend and the as yet inadequate
profitability of some technologies for complementary power
production, sol-E Suisse AG will concentrate its activities primarily
on small hydroelectric power plants, wind power and heating supplies:
businesses which are already being intensively pursued. New business
models will be developed for photovoltaic, geothermal and head/power
cogeneration technologies.



Contact:
BKW Inc
BKW FMB Energy Ltd.
Media Communications
phone 031 330 51 07

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