Friday, July 24

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Topic: centrica

A British Gas service van

Friday, 7/24, 04:16 AM

Centrica cuts 1,300 jobs as British Gas goes digital and half-year profit slips

Centrica, the owner of British Gas, said it is cutting about 1,300 roles, roughly 14% of its customer-operations workforce, as more customers self-serve online and it drives costs down.
It came alongside half-year results showing adjusted profit falling: EBITDA of £737 million, down from £900 million a year earlier, though the dividend rose 9%.

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