Energy firm E.ON is looking to axe around 500 workers in the UK as part its latest cost cutting drive. The company – currently the third largest energy supplier in the UK – said it plans to reduce numbers across non-customer facing departments as part of ongoing efforts to transform how it operates. This includes a greater focus on efficiency and improved service for customers. E.ON currently employs more than 9,400 people across the UK. It comes just weeks after the energy giant announced a 6% price rise for thousands of customers – one of the biggest increases in the energy market so far this year. The firm, which will increase its standard variable tariff on 31 August, blamed “significant increases in the cost of wholesale energy since the start of the year” for its decision. Anyone on its standard variable dual fuel tariff will see their bills jump £70. Read More Energy price hikes so far in 2018 Commenting on the proposed redundancies, Michael Lewis, E.ON ‘s chief executive, said workers will be offered voluntary redundancy – however was unable to say how many people at individual sites would be affected. “In discussion with our trade unions we’ve identified potential reductions of around 500 roles across the UK and we’re committed to achieving these reductions on a voluntary basis wherever possible,” Lewis said. “This is one element of our ongoing transformation which, in total, will help us achieve savings of around £100m across our mid-term plan. “I’m very aware… [Read full story]
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