{"id":357008,"date":"2020-06-12T12:02:57","date_gmt":"2020-06-12T06:32:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357008"},"modified":"2020-06-12T12:06:23","modified_gmt":"2020-06-12T06:36:23","slug":"british-gas-owner-centrica-plans-to-cut-about-5000-jobs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/british-gas-owner-centrica-plans-to-cut-about-5000-jobs\/","title":{"rendered":"British Gas owner Centrica plans to cut about 5,000 jobs"},"content":{"rendered":"<p>LONDON: British Gas owner Centrica plans to cut around 5,000 jobs, almost 20% of its global workforce, it said on Thursday, as the energy utility deepens its restructuring efforts in the wake of the COVID-19 pandemic.<\/p>\n<p>More than half of the job losses are expected to come from management teams and follow 4,000 cuts planned by this year which were announced in 2018.<\/p>\n<p>&#8220;The harsh reality is that we have lost over half of our earnings in recent years. Now we must bring focus by modernising and simplifying the way we do business,&#8221; Group Chief Executive Chris O\u2019Shea said in a statement.<\/p>\n<p>Centrica on Thursday also announced Johnathan Ford as its new finance chief.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: British Gas owner Centrica plans to cut around 5,000 jobs, almost 20% of its global workforce, it said on Thursday, as the energy utility deepens its restructuring efforts in the wake of the COVID-19 pandemic. More than half of the job losses are expected to come from management teams and follow 4,000 cuts planned by this year which were announced in 2018. &#8220;The harsh reality is that we have lost over half of our earnings in recent years. Now we must bring focus by modernising and simplifying the way we do business,&#8221; Group Chief Executive Chris O\u2019Shea said in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-357008","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357008"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357008\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}