British Gas owner Centrica to cut 6,000 jobs following strategic business review
Up to 6,000 jobs will be axed following a strategic review carried out by Centrica, owner of the UK’s largest energy supplier, British Gas, the company has revealed during its interim results for the period ended 30 June 2015.
The move is likely triggered by the fact that Centrica group profits fell 3% to £1 billion, despite British Gas reporting a doubling of profits in the first half of 2015.
The company expects about half of these cuts to be made through turnover and attrition and about half through redundancies. However, due to investment in growth areas Centrica estimates the net impact on headcount to be about 4,000 roles.
Iain Conn, Centrica chief executive, said that the strategic review provides a clear direction for the business. “Centrica is an energy and services company,” he said. “Our purpose is to provide energy and services to satisfy the changing needs of our customers, and as such we will focus our growth ambitions on our customer-facing activities.”
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