ScottishPower is to axe 300 jobs with many staff being made redundant days earlier than Christmas. Round 150 jobs will go from the Glasgow workplace of ScottishPower Power Retail, with the remainder going from the Liverpool workplace.
ScottishPower, which is owned by Spanish agency Iberdrola, posted income of £925 million within the first six months of this yr and paid chief govt Keith Anderson £1.35m final yr.
Nevertheless, the retail arm of the corporate, which provides fuel and electrical energy to nearly 5 million households within the UK, has suffered a fall in income.
The power firm complained in the summertime that the value cap prevented the agency passing on greater power prices to clients.
The employees who're dropping their jobs earn between £23,000 and £35,000. One employee dealing with obligatory redundancy mentioned: “There are 300 jobs going within the restructure and that course of will full in December.
“They're outsourcing to Spain and South Africa, which is able to save a fortune. There could also be extra jobs minimize subsequent yr in the event that they don’t obtain the financial savings.
“What’s added insult to damage is many people are going at Christmas and, on the similar time, they're promoting tons of of inexperienced jobs.”
ScottishPower Renewables, a extra worthwhile arm of the enterprise, is taking up 1000 employees in a transfer described by Anderson because the agency’s greatest recruitment drive.
Scottish Energy mentioned it was reviewing its organisational construction.
Do not miss the most recent information from round Scotland and past - Signal as much as our day by day publicationright here.