LONDON, June 11 — British domestic energy provider Centrica said today it will axe 5,000 jobs, or almost one fifth of its workforce, as it responds to both the coronavirus pandemic fallout and intense competition. The owner of British Gas said that the drastic restructuring — centred on...
The owner of British Gas said that the drastic restructuring — centred on leadership, management and corporate staff — was partly prompted by the Covid-19 outbreak that sparked ‘difficult’ trading conditions. — Reuters pic
The owner of British Gas said that the drastic restructuring — centred on leadership, management and corporate staff — was partly prompted by the Covid-19 outbreak that sparked “difficult” trading conditions. Centrica has struggled in recent years, shedding half of its revenues as smaller and more competitive energy suppliers have won valuable customers from British Gas.“Since becoming chief executive almost three months ago, I’ve focused on navigating the company through the Covid-19 crisis and identifying what needs to change in Centrica,” O’Shea said in the statement.
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