Authorization

Energy firm E.On to axe 500 UK jobs

Energy firm E.On has announced plans to cut about 500 UK jobs to cope with the "unprecedented rate" of change in the sector.
The company highlighted Britain's energy market changing at a "rapid pace" and its "increasingly competitive" environment while announcing the plan.
E.On, which employs 9,400 people in the UK, said it was going to reduce numbers in non-customer facing departments in order to "remain sustainable".Chief executive Michael Lewis said: "We're always looking to make sure we're equipped to respond to the rapid pace and challenges of the UK energy market and we know we can never stand still if we are to continue giving customers a high-quality and cost-effective service."We've undertaken a rigorous review of our options to ensure we keep costs as low as possible, become a more agile organisation and remain a sustainable business in the UK."He said E.On had worked with trade unions to identify the roles being cut before speaking of the "difficult time" ahead for some workers.
"In discussion with trade unions we've identified potential reductions of around 500 roles across the UK and we're committed to achieving these reductions on a voluntary basis wherever possible," said Mr Lewis."This is one element of our ongoing transformation which, in total, will help us achieve savings of around €100m across our mid-term plan.
More from Business

Bank of England poised to raise interest rates


MPs demand ?100bn for North's rail and road investment


Workers who move jobs can expect 'disloyalty bonus', study finds


House of Fraser turns to retail fund Alteri for rescue deal


French drug maker Sanofi plans stockpile for 'no deal' Brexit


Food industry: Brexit is 'shaping up to be the stuff of nightmares'

"I'm very aware this will be a difficult time for our colleagues but our aim has always been to keep uncertainty to a minimum and I can assure everyone affected that we'll be as supportive as we can."The energy firm has not yet identified how many workers at individual sites or business areas would be affected by the plans.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2018    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
2728293031