Centrica, the company which owns British Gas, has announced plans to cut 850 jobs as part of a cost-savings drive that could see further attacks for its 34,000 employees.
Reduced energy use by homes and business during an unusually hot autumn is being blamed by Centrica for the cuts, but although its takings fell its operating profit for 2011 was still nearly £2.5 billion. Its North Sea oil and gas operation could be next in line for the chop after the initial 850 redundancies.
Mike Jeram, head of Business and Environment at the trade union Unison, said:
“This is seriously bad news on the day