DUESSELDORF, (Reuters) – Uniper is a German utility that is owned majority by Fortum in Finland. Two people with knowledge of the matter stated that Uniper is currently trying to cut staff.

Sources in labour say that cuts to the unit providing services for power plants’ engineering department at the energy firm could result in more than 1,000 job losses and individual units being sold.

Uniper claimed that there would likely be a statement during the day. However, Uniper declined further comment.

This group was under intense pressure from Germany to reduce its dependence on coal. Fortum also acquired it. Fortum has provided a roadmap to significantly decrease CO2 emissions.

Fortum (which owns 76%) said that last month, it was able to release additional cash in order to improve its war chest and expand in wind and solar energy assets. A field which is rapidly becoming crowded by oil companies as well as utilities, Fortum stated.