7th March 2016
Energy supplier Npower is set to axe up to 2,500 jobs in the UK, equating to more than 20% of its British workforce.
According to BBC News, it is anticipated that the firm will make a formal announcement, when it reports its full-year results on Tuesday.
The business which is owned by German energy group RWE presently employs 11,500 people in the UK.
It is understood the firm’s sales and marketing roles will among the worst hit departments.
Npower, which is one of the UK’s so-called ‘big six’ energy suppliers reported a loss of £48m for the first nine months of last year. Within its peer group, it also received the most complaints in 2015.
It has already lost about 200,000 UK customers.
The job cuts come in the wake of RWE, being hit by falling oil and gas prices.
At the end of 2015, Npower was made pay a settlement of £26m by UK energy regulators for sending out inaccurate bills and failing to correctly deal with complaints.
Npower’s headquarters are based in Swindon while the majority of its UK employees, are in central and north east England and in Yorkshire.