E.ON looks to cut 500 jobs in the UK

THE UK arm of German utility E.ON will cut up to 500 support staff in its Coventry and Nottingham offices following the sale of its distribution arm, Central Networks, to PPL in March this year, it said yesterday.

“We had to undertake a deep and rigorous review of how much money we spend in order to ensure we keep costs as low as possible for our customers, become a more agile organisation and build a sustainable business in the UK,” E.ON UK chief executive Dr Paul Golby said in a statement.

The company plans to cut jobs by offering voluntary redundancies.

Last month E.ON outlined plans to cut costs by €1.5bn (£1.31bn) over the next four years. The firm employs around 12,000 people in the UK and more than 79,000 worldwide.