At Npower, the British branch of energy company Innogy, 4500 jobs are at risk. That is what the Unison trade union says. Innogy is facing a major intervention in the United Kingdom. In addition, Npower’s customers must be transferred to parent company EO.N.
According to the union, employees will be informed about the plans later on Friday. The company itself promised to involve trade unions in the steps to be taken, but did not provide details on how many positions are at stake. The reorganization is said to amount to £ 500 million.
The performance at Npower has been below par for years. The market share has halved in recent years. Npower currently supplies power to 8 percent of UK households.
The British energy market has traditionally been dominated by six providers, but their share is shrinking due to competition from smaller players. The British government also previously set a price ceiling to combat “rip-off” by traditional energy companies.