Jun 11, 2020

British Gas owner Centrica to cut 5,000 jobs

Centrica, the owner of British Gas, is to cut 5,000 jobs this year to "Arrest the decline" of the company. About half of the jobs to go will be among the company's leadership, management and corporate staff. The company has seen customers leave to go to smaller suppliers and, in February, blamed a big loss in 2019 on the energy price cap and falling gas prices. Mr O'Shea was officially appointed as Centrica chief executive in April, having previously been the company's finance director. "Since becoming chief executive almost three months ago, I've focused on navigating the company through the Covid-19 crisis and identifying what needs to change in Centrica," Mr O'Shea said.

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