EMCC European Monitoring Centre on Change

Anglian Water Group (AWG)

Company/Organisation:
Anglian Water Group (AWG)

Geographic Location

Country: United Kingdom

Company

Sector: Utilities
Water supply; sewerage, waste management and remediation activities
36 - Water collection, treatment and supply

Employment Effects

Announcement Date: 24-11-2004
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring

Additional Information

Water utility AWG said that it would have to cut jobs as it seeks to increase efficiency at Anglian Water. The warning comes just days ahead of the announcement of a review by the industry regulator Ofwat, which will determine prices that water companies can charge for the next five years. AWG said it was looking to cut about 200 jobs at Anglian - about 6% of the water and sewerage business's workforce. ‘We will look to achieve the job losses by natural turnover and voluntary redundancy in the first instance’, the finance director, Scott Longhurst, said.