Energy giant E.ON set to cut hundreds of UK energy jobs
UK energy giant E.ON, which employs approximately 9,400 UK professionals, has announced it will be cutting jobs to “become more agile” and “remain sustainable”.
E.ON plans to cut around 500 jobs in order to survive the energy industry’s “unprecedented rate” of change.
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."
The energy price cut will come into effect in December this year. Bills for more than 11m households will remain stagnant, saving consumers up to £100 annually, according to government estimates.
“This is one element of our ongoing transformation which, in total, will help us achieve savings of around £100m across our mid-term plan,” Lewis said.
“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.”
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