„Coal exit“ collective agreement finalised
This creates the conditions for the company to be able to end coal-fired power generation in a socially acceptable manner by 2038 at the latest, as provided for in the Coal Exit Act. Among other things, the collective agreement regulates the company’s benefits that go beyond the state-guaranteed adjustment allowance (“Anpassungsgeld”). It lays down an appropriate level of cover for employees, for which RWE has gone to the limits of what is economically justifiable. This has not been easy for the company, since the economic damage resulting from the coal phaseout is already well above the envisaged compensation payments. RWE has also accepted the provisions in the collective agreement that exclude dismissals for operational reasons. In addition, measures for further internal and external training are intended to help employees who are not eligible for the adjustment allowance to be placed "from work to work".
Agreements on training and takeovers show that RWE will continue to meet its social responsibility in the future: until 2030, the company will continue to provide high-quality training beyond its own needs. Good training is an investment in the future of young people. RWE thus underlines its reputation as a reliable and attractive employer.
RWE is one of the world’s leading companies for renewable energies. The company has a capacity of about 10 gigawatts based on renewables including hydropower and biomass as well as an efficient gas fleet and an internationally active energy trading business. RWE wants to expand its position by investing in onshore and offshore wind power, photovoltaics and storage technologies. As a driver of the energy transition, the company is also focusing on innovative projects such as floating offshore and the production and use of hydrogen. In addition to its core business, the company generates electricity from nuclear energy and coal; state-defined exit paths have been defined for both energy sources. In total, the company owns a portfolio of around 44 gigawatts of generating capacity and employs around 20,000 people worldwide. RWE has a clear target: carbon neutrality by 2040.
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