Type
Internal restructuring
Country
United Kingdom
Region
South West;
Location of affected unit(s)
Sector
Utilities
Water Supply; Sewerage, Waste Management And Remediation Activities
Water Collection, Treatment And Supply
36 - Water collection, treatment and supply

100 jobs
Number of planned job losses
Job loss
Announcement Date
9 December 2004
Employment effect (start)
Foreseen end date

Description

Pennon, the water and waste recycling group, said it would not contest Ofwat's (the industry regulator) decision to cap its price increase for South West Water customers at 25% above the rate of inflation for the next five years. But it announced that about 100 jobs will have to go as part of its drive to meet the demands placed on it by the industry regulator's review.


Sources

  • 10 December 2004: The Guardian

Citation

Eurofound (2004), Pennon, Internal restructuring in United Kingdom, factsheet number 60867, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60867.