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Npower to cut 2,500 jobs - a fifth of its UK workforce Npower to cut 2,500 jobs - a fifth of its UK workforce
(about 1 hour 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. Energy firm Npower is to cut up to 2,500 jobs, more than a fifth of its UK workforce, with an announcement to staff expected 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 the UK and is one of the country's big six gas and electricity suppliers.
The company has declined to comment on the news. The BBC understands sales and marketing roles will be the worst hit.
Last year it posted a loss of £48m for the first nine months of the year. The company, which has not made any official comment, posted a loss of £48m for the first nine months of last 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. It has also lost about 200,000 UK customers.
RWE will announce Npower's full-year results on Tuesday when it is expected to detail the planned job losses.
The German company, which also generates and distributes energy, has been hit by oil prices falling more than a third in the last year to around $38 a barrel.
Energy bills
Npower's headquarters are in Swindon and most of its UK employees are in the central and north east England and in Yorkshire.
Last month, the company 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.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.The news on job losses also comes days before UK competition regulators unveil plans to make the energy market more transparent for consumers.
In December, Npower was ordered to pay a settlement of £26m - the biggest such payment ever demanded by UK energy regulators - for sending out inaccurate bills and failing to deal with complaints correctly. The money was split between charity and affected customers.
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