People | Service & Supply | Job Cuts / Downsize / Layoff
Centrica to Cut 6,000 Jobs; Updates Strategic Review
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Centrica plc has initiated a strategic review as well as announced that it plans to cut 6,000 jobs due to market woes.
In light of significantly changed circumstances a fundamental strategic review was launched in February, focused on:
outlook and sources of growth; portfolio mix and capital intensity; operating capability and efficiency; and Group financial framework.The review has been a thorough and rigorous analysis of the Group’s prospects, led by Centrica’s senior management.
The headline conclusions are: Centrica’s strength lies in being a customer-facing business. We are an energy and services company. Our purpose is to “provide energy and services to satisfy the changing needs of our customers”. Our activities and priorities will therefore be focused on meeting…- ✓ Full news archive — U.S., Canada & international coverage
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