Centrica who British Gas are to axe 5,000 jobs this year as the company are to strip out three layers of management to slimline the business.
Around half of the 5,000 jobs will be among the management, corporate staff and half of the 40 senior leadership team will step down by August.
Chief executive Chris O’Shea said, “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.
“We’ve learnt through the crisis that we can be agile and responsive in the most difficult conditions and put our customers at the heart of our decision making.”
He added, “I truly regret that these difficult decisions will have to be made and understand the impact on the colleagues who will leave us. However, the changes we are proposing to make are designed to arrest our decline, allow us to focus on our customers and create a sustainable company.”