EMCC European Monitoring Centre on Change

Thames Water

Company/Organisation:
Thames Water

Geographic Location

Country: United Kingdom
Region: Berkshire; Berkshire, Buckinghamshire and Oxfordshire; South East
Location of affected unit(s): Reading

Company

Sector: Administrative services
Administrative and support service activities
82 - Office administrative, office support and other business support activities
Number Employed: 6000

Employment Effects

Announcement Date: 04-07-2019
Planned Job Reductions min: 350
Planned Job Reductions max: 350
Type of Restructuring: Internal restructuring

Additional Information

Thames Water has announced plans to cut 350 jobs in a bid to cut costs. The utility company, which is based in Reading, also said that it intends to make savings by leaving a further 300 vacancies unfilled and by ending contractor roles. The roles affected are understood to be management roles and support functions and Thames Water has stressed that the cuts will not affect the service and its customers' experience. There is no information as yet on when the job cuts are expected to take effect.

Thames Water has made this announcement on the back of falling profits. It also received a fine in 2018 by the regulator for failing to fix leaks. A spokesperson for the Unison trade union commented that the job losses were disappointing, and that the union would be doing all it could to minimise the numbers affected.

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