Centrica Plc,the biggest energy supplier to Britlsh homes, will cut about 6,000 jobs and shrink its exploration and production business in an effort to cut costs
The company expects about 3,000 redundancies, with the rest of the cutbacks coming from turnover and attrition? according to a statement published after a five-month review
Centrica will reduce spending on exploration and production as well as power generation by £1.5 billion over the next five years.
Chief executive lain Conn,who joined the company in January from BP Plc,is seeking to turn around a £1- billion loss reported by the energy company last year