The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.2 - Manufacture of gas; distribution of gaseous fuels through mains
400 jobs Number of planned job losses
Announcement Date
19 May 2019
Employment effect (start)
Foreseen end date
Description
Gas distribution company Cadent Gas has announced plans to cut around 400 jobs across the business. The company has major sites in the midlands at Hinckley, Coventry and Leicester. Voluntary redundancy packages are being offered to certain staff, though graduate employees, those with less than two years' service and maintenance workers are not being offered this option. It is being reported that the firm expects to achieve the job reduction measures by voluntary means and that compulsory redundancies will not be necessary. The company has launched a one-month consultation on the job losses.
Eurofound (2019), Cadent Gas, Internal restructuring in United Kingdom, factsheet number 97811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97811.
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