Utilities
The last week of January.
- Cookson, British-based industrial materials company cuts 1250 jobs. Cookson, supplies products used in the steel and ceramics industries, said its key markets had fallen by a quarter over the last two months.
- Electrocomponents, which trades as RS Components and is based in Corby, Northamptonshire, blamed the downturn for 430 job cuts.
- Solicitors Linklaters said the firm was cutting its UK staff by 100-120 lawyers and up to 150 business services staff.
- London Underground plans to cut 1000 jobs this year in non-operational areas such as finance and administration but said no tube drivers or other frontline staff would be affected.
- E.ON, one of Britain’s big six energy suppliers, became the latest utility to announce job cuts. The company said it was reducing its workforce by 450 people.
- Southern Water, said that to avoid job losses it was looking at a pay freeze for its 1600 staff.
- AOL (America Online) announce 700 job cuts or 10% of their work force.
EON to cut 400 jobs in the UK.
Quoted from LegalBEAGLES Forum
Eon UK has announced plans to cut 400 jobs, the first sign that the credit crunch is biting on the energy industry.
The company plans to lose around 10 per cent of its energy services arm.
Job losses: 400
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