Thames Water have announced they are planning to cut 140 jobs the GMB Union was told on Thursday.
The redundancies will affect the loss of retail and digital positions, the GMB Union said.
Thames Water are refocusing on a turnaround plan to which will โstrengthen the operationalโ and โfinancial resilience.โ
GMB national officer Gary Carter said, โIn the 40 years since privatisation weโve seen virtually no investment, systematic asset stripping and billions of public money drained from the system to fill already bulging shareholder and fat cat coffers.
โAs a result, Thames is on its knees and water workers are losing their livelihoods.
โGMB will fight to minimise any compulsory redundancies and make sure our members get every penny they are due.โ
A Thames Water spokesperson said: โDelivering our refocused turnaround plan will strengthen the operational and financial resilience of Thames Water, so that we can continue to meet our customersโ needs, and create a platform from which to accelerate progress, underpinning our business plan for 2025-2030 and beyond.
โHowever, we know we canโt do everything.
โThe last year has been an extremely challenging year for the business and we continue to take a rigorous approach to financial discipline throughout the company in order to operate within budget.
โWe need to make more difficult but necessary decisions to ensure we continue to deliver to our budgets.
โThatโs why today weโve announced a range of measures to reduce our costs further and become more efficient.
โThis means we are consulting on a proposal which could lead to the potential loss of around 300 roles.
โWe will seek to minimise compulsory redundancies wherever possible, through redeployment and voluntary redundancy.
โFrontline colleagues will not be impacted by these proposed changes, with roles at risk primarily in our retail and digital functions as well as some other areas.
โChange does mean difficult decisions and we are focused on supporting our colleagues throughout the process.โ
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