23/09/2011

E.ON To Axe 500 Staff

E.ON has announced it is to cut 500 staff in the UK.

The company is currently seeking voluntary redundancies in its UK support functions division.

The energy firm said this is to reflect the changed nature of the business following the sale of its distribution arm, Central Networks, in March and the subsequent concentration on the customer-facing business.

Dr Paul Golby, Chief Executive of E.ON UK, said: "We had to undertake a deep and rigorous review of how much money we spend in order to ensure we keep costs as low as possible for our customers, become a more agile organisation and build a sustainable business in the UK.

"While I'm very aware that this will be a difficult time for our colleagues, it is our aim to keep uncertainty to a minimum and to achieve these redundancies by voluntary means."

The main impact of these redundancies is likely to be at the company's head office in Coventry, and to a lesser extent at support functions at its offices north of Nottingham.

Due to the voluntary nature of the planned redundancies, it is currently not possible to say how many people at each site will be affected by the changes.

(CD/GK)

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