Home Business NewsThames Water planning to cut jobs

Thames Water planning to cut jobs

by LLB staff reporter
2nd Nov 23 2:30 pm

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 โ€œstrengthen the operationalโ€ and โ€œfinancial resilience.โ€

GMB national officer Gary Carter said, โ€œIn the 40 years since privatisation weโ€™ve 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.

โ€œAs a result, Thames is on its knees and water workers are losing their livelihoods.

โ€œGMB will fight to minimise any compulsory redundancies and make sure our members get every penny they are due.โ€

A Thames Water spokesperson said: โ€œDelivering 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.

โ€œHowever, we know we canโ€™t do everything.

โ€œThe 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.

โ€œWe need to make more difficult but necessary decisions to ensure we continue to deliver to our budgets.

โ€œThatโ€™s why today weโ€™ve announced a range of measures to reduce our costs further and become more efficient.

โ€œThis means we are consulting on a proposal which could lead to the potential loss of around 300 roles.

โ€œWe will seek to minimise compulsory redundancies wherever possible, through redeployment and voluntary redundancy.

โ€œFrontline 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.

โ€œChange does mean difficult decisions and we are focused on supporting our colleagues throughout the process.โ€

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]