Anglian Water to cut 200 more jobs
Wednesday 19 February 1997
The cuts, which the company has told unions could be achieved through a voluntary redundancy scheme, are likely to affect mainly blue-collar workers in the key regulated water operation. Shop stewards were informed of the job cuts during meetings with senior management yesterday, though union sources said the final figure was lower than the 400 originally expected.
"To be fair to the company this could have been a lot worse, though we obviously would have preferred no job losses at all. They will be phased until the end of 1998 and Anglian's redundancy package is fairly generous," said a union official.
Last November Alan Smith, Anglian's group managing director, had raised the possibility of additional job cuts on top of the 900 made since the group's strategic systems review programme was launched in 1994. The previous cuts had hit junior and middle management, as well as manual employees.
The latest round of job losses comes despite the continuing surge in Anglian's profits, which rose by 5.5 per cent in the first half of last year to pounds 133m. The company also raised its dividend payout to shareholders, all of which comes from the core regulated water and sewerage business, by 14.6 per cent. At the same time it surprised analysts by revealing a jump in losses from its non-regulated contracting and engineering businesses.
- 3 The enemy within: People who hear voices in their heads are being encouraged to talk back
- 4 British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
30,000 reasons why the rhetoric on immigrants claiming benefits can stop now
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...