Energy giant E.On has said it will axe between 500 and 600 jobs from its UK workforce. The German-headquartered energy firm blamed the “extremely competitive” UK energy market and the impact of the energy price cap as it announced the major job cuts. E.On said that it has informed colleagues of its proposal to cut 500 to 600 jobs, across “support activities and managerial positions”, from its workforce of 9,000 in the UK. The company said it will consult trade unions and staff fully as it moves forwards with the proposals. The energy firm is one of the big six UK energy suppliers which have each seen their market share decline recently on the back of surging competition from upstarts. Last year, E.On’s UK retail business slipped to a £39 million profit from a £271 million profit a year earlier.
Energy Voice 16th Oct 2019 read more »