Type
Internal restructuring
Country
United Kingdom
Region
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

300 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2009
Employment effect (start)
Foreseen end date

Description

Thames Water, a large UK water company, is to cut 300 jobs. The cuts were blamed on the recession and the company reported revenue losses. The company claimed that the cuts would save the business £7m, but the unions called for more convincing evidence that there is an economic case for the restructuring. As of 28 January 2009 there is no information on when the jobs losses will occur.


Sources

  • 28 January 2009: BBC News

Citation

Eurofound (2009), Thames Water, Internal restructuring in United Kingdom, factsheet number 68032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68032.