Centrica: seven years of struggle, only to be caught by Covid
by Jillian Ambrose from on (#55WN5)
A long and difficult period for the firm looks set to conclude in a bust-up with the unions over job cuts
Britain's biggest energy supplier faces a lost year" due to the coronavirus outbreak, which threatens to erode demand for gas and electricity and leave many homes and businesses unable to pay their bills.
Investors are braced for Centrica, the owner of British Gas, to lay bare the toll of the pandemic on the struggling business this week, amid tense talks with trade union representatives over plans to cut 5,000 employees from its workforce.
Continue reading...