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.
Water / Waste 36 - Water collection, treatment and supply 36 - Water collection, treatment and supply 36 - Water collection, treatment and supply
100 jobs Number of planned job losses
Announcement Date
9 December 2004
Employment effect (start)
Foreseen end date
Description
Pennon, the water and waste recycling group, said it would not contest Ofwat's (the industry regulator) decision to cap its price increase for South West Water customers at 25% above the rate of inflation for the next five years. But it announced that about 100 jobs will have to go as part of its drive to meet the demands placed on it by the industry regulator's review.
Sources
10 December 2004: The Guardian
Citation
Eurofound (2004), Pennon, Internal restructuring in United Kingdom, factsheet number 60867, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60867.