AFP, London :
British energy supplier npower, a unit of Germany’s RWE, said Tuesday it will axe 2,400 jobs after posting an annual loss on fierce competition, sliding sales and operational problems.
The company announced in a statement, published alongside RWE’s 2015 results, that it suffered an “extremely disappointing” performance and will shed about one fifth of its UK workforce in a new cost-cutting drive.
“By 2018, around 2,400 fewer people will support npower overall through a mix of those who work directly and indirectly for npower,” said Paul Coffey, chief executive of RWE npower.
The division meanwhile slumped into the red last year with an operational loss of o99 million ($141 million, 128 million euros).
