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Centrica left it far too late to face up to its problems | Nils Pratley

Earlier action by the British Gas owner to sort out the business might have spared 20,000 staff the risk of a ‘fire and rehire’ process So this is what Chris O’Shea, new chief executive of Centrica, owner of British Gas, meant by his plan to “modernise and simplify the way we do business”: 20,000 employees in the UK must accept new terms and conditions or else they could lose their jobs. Centrica hasn’t yet started the “fire and rehire” process and says it will only do so as “a last resort” if negotiations with unions fail. But a formal advance warning of mass redundancies has been made. Continue reading...

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Read the full Article: Centrica left it far too late to face up to its problems | Nils Pratley


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