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
350 jobs Number of planned job losses
Announcement Date
20 January 2005
Employment effect (start)
Foreseen end date
Description
Severn Trent Water has announced 350 job losses at the same time as confirming a 15% price rise. The company, which provides water for most of the Midlands, said the cuts are needed to keep bills low and create revenue for investment in services. Unison regional organiser Andy Main said: 'Our members will struggle to understand why, after a positive price review, jobs need to be lost'. In the last five years the company has already lost 1,100 jobs and cut costs to the bone. These latest job cuts will seriously affect customer service.
Sources
20 January 2005: BBC News
Citation
Eurofound (2005), Severn Trent Water, Internal restructuring in United Kingdom, factsheet number 61039, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61039.
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