Centrica

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Administrative Services
Office Administrative, Office Support And Other Business Support Activities
Office Administrative And Support Activities
82.11 - Combined office administrative service activities
700 jobs
Number of planned job losses
Job loss
Announcement Date
19 June 2019
Employment effect (start)
Foreseen end date

Description

British Gas owner Centrica has announced plans to cut 700 jobs. The job losses are the latest in a series of cuts which saw 2,000 roles removed in 2018. It is being reported that the latest cuts will be in back office and management roles. The statutory 45-day consultation process with the trade unions is due to begin soon, though it is already being reported that the job losses will take effect sometime over the summer of 2019. A spokesperson for the GMB union condemned the company's strategy of trying to cut its way out of its current difficulties.

Sources

Citation

Eurofound (2019), Centrica, Internal restructuring in United Kingdom, factsheet number 97983, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97983.