The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36 - Water collection, treatment and supply
200 jobs Number of planned job losses
Announcement Date
24 November 2004
Employment effect (start)
Foreseen end date
Description
Water utility AWG said that it would have to cut jobs as it seeks to increase efficiency at Anglian Water. The warning comes just days ahead of the announcement of a review by the industry regulator Ofwat, which will determine prices that water companies can charge for the next five years. AWG said it was looking to cut about 200 jobs at Anglian - about 6% of the water and sewerage business's workforce. ‘We will look to achieve the job losses by natural turnover and voluntary redundancy in the first instance', the finance director, Scott Longhurst, said.
Sources
25 November 2004: The Guardian
Citation
Eurofound (2004), Anglian Water Group (AWG), Internal restructuring in United Kingdom, factsheet number 60768, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60768.
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