EMCC European Monitoring Centre on Change

Cadent Gas

Company/Organisation:
Cadent Gas

Geographic Location

Country: United Kingdom
Location of affected unit(s): Hinckley, Coventry and Leicester

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.2 - Manufacture of gas; distribution of gaseous fuels through mains
Number Employed: 4000

Employment Effects

Announcement Date: 19-05-2019
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Internal restructuring

Additional Information

Gas distribution company Cadent Gas has announced plans to cut around 400 jobs across the business. The company has major sites in the midlands at Hinckley, Coventry and Leicester. Voluntary redundancy packages are being offered to certain staff, though graduate employees, those with less than two years' service and maintenance workers are not being offered this option. It is being reported that the firm expects to achieve the job reduction measures by voluntary means and that compulsory redundancies will not be necessary. The company has launched a one-month consultation on the job losses. 

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