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 Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
500 jobs Number of planned job losses
Announcement Date
23 September 2011
Employment effect (start)
Foreseen end date
Description
Energy companies, E.ON, is to cut 500 jobs in its offices in Nottingham and Coventry. The move comes barely a week after increasing gas prices by 18% and electricity bills by 11%.
The cuts were blamed on the sale of its distribution business and a need to keep overheads low to benefit customers. Others have suggested that the the company had also switched a lot of work back to its head office in Dusseldorf.
Unions have welcomed the companies commitment to attempt to find the losses through voluntary means.
Sources
23 September 2011: The Times
23 September 2011: The Guardian
Citation
Eurofound (2011), E.ON, Internal restructuring in United Kingdom, factsheet number 72397, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72397.
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