ALMOST three quarters of the people employed by TXU in Ipswich are to lose their jobs by the end of the year.The number employed by Powergen in the town is to be reduced from 936 to 250.
ALMOST three quarters of the people employed by TXU in Ipswich are to lose their jobs by the end of the year.
The number employed by Powergen in the town is to be reduced from 936 to 250.
A further three TXU offices, at Rayleigh in Essex, Bolton, and London will be closed with the loss of a further 275 jobs.
The job losses were announced in the wake of the takeover of TXU's retail business by Powergen last October after the collapse of the American company's European arm.
Employees were warned that there would be a dramatic fall in the number of people employed at a series of briefings just before Christmas – now the extent of the job losses has become clear.
Nick Horler, managing director of Powergen retail, said: "Powergen has moved quickly to provide employees with clarity as soon as possible.
"I know this has not been an easy time for everyone and we will, of course, offer them as much support as we can to help employees find suitable positions.
"Powergen is now one of the UK's leading energy companies but we will remain conscious of our commitment to the regions which have helped us achieve this."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here