Thursday, 22 February 2018

British Gas owner Centrica to cut 4,000 jobs after 'weak' end to 2017



Centrica, which owns British Gas, is cutting 4,000 jobs, after what its chief executive called a "weak" end to 2017.

 
Iain Conn said plans for a price cap in the UK was one reason for the job losses, just over half of which will be in the UK.


The energy supplier, which also operates in North America and Ireland, said group profits fell 17% to £1.25bn.


British Gas lost 750,000 domestic customers in 2017.


That amounts to a fall of about 9%, with the company now left with 7.8 million UK domestic customers.





BBC      News.