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| Npower to cut 2,500 jobs - a fifth of its UK workforce | |
| (35 minutes later) | |
| Energy firm Npower is to cut up to 2,500 jobs, more than a fifth of its UK workforce, with details to be announced this week. | |
| Npower, which is owned by the German energy giant RWE, employs 11,500 people in Britain and is one of the big six gas and electricity suppliers in the UK. | Npower, which is owned by the German energy giant RWE, employs 11,500 people in Britain and is one of the big six gas and electricity suppliers in the UK. |
| The company has declined to comment on the news. | |
| Last year it posted a loss of £48m for the first nine months of the year. | |
| In February Npower announced a 5.2% cut in its gas price, taking effect on 28 March - a £32 average annual reduction to customers on a standard domestic tariff. | |
| Like other energy suppliers, it is under pressure from ministers and consumer groups to lower energy bills for customers amid a rapid decline in oil prices. | |
| The news on job losses also comes days before UK competition regulators unveil plans to make the energy market more transparent for consumers. |