Management at Germany utility RWE AG (RWEOY, RWE.XE) presented plans for up to 2,400 additional job cuts at a Thursday board meeting, Reuters reported, citing a person familiar with the situation.

Media reports late last year and in 2012 said RWE could cut up to 8,000 jobs, partly due to asset sales and to Germany's exit from nuclear power.

The Reuters report also said RWE plans to form a new unit for its coal- and gas-fired power stations, citing an internal document.