British Gas owner Centrica to cut 5,000 jobs

Thu, Jun 11th 2020, 02:14 PM

The company has been losing customers to rivals and, in February, blamed a big loss in 2019 on the energy price cap and falling gas prices.

Centrica also said the coronavirus crisis had shown how the company could be "agile and responsive".

New boss Chris O'Shea said most of the cuts would fall in the UK as the energy giant seeks to slim down its business.

About half of the jobs to go will be among the company's leadership, management and corporate staff. This will include half of the senior leadership team of 40 who will leave by the end of August.

Centrica currently has about 27,000 employees, with 20,000 of these based in the UK.

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