Internal restructuring
United Kingdom
Location of affected unit(s)
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

1,450 jobs
Number of planned job losses
Job loss
Announcement Date
3 June 2004
Employment effect (start)
Foreseen end date


Centrica, Britain's biggest household gas and electricity supplier, said that about 1,450 positions within the company would be cut. Following redeployment and a reduction in the number of contractors, this would lead to about 850 job losses. Most of the cuts will be made in managerial and support positions. These job losses are a part of a ‘business transformation programme’ designed to yield £ 150 million in annual savings by 2008. The job cuts themselves would bring an extra £ 90 million annual savings.


  • 4 June 2004: The Guardian
  • 3 June 2004: The Financial Times


Eurofound (2004), Centrica, Internal restructuring in United Kingdom, factsheet number 60364, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60364.