Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCentrica Share News (CNA)

Share Price Information for Centrica (CNA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 128.55
Bid: 129.05
Ask: 129.10
Change: 0.00 (0.00%)
Spread: 0.05 (0.039%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 128.55
CNA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Union condemns "mass sacking" of British Gas engineers by Centrica

Thu, 15th Apr 2021 06:45

(Alliance News) - The GMB union has condemned the "mass sackings" of engineers on Wednesday amid a long-running dispute with Centrica PLC over pay and conditions.

The BBC reports almost 500 British Gas engineers lost their jobs after refusing to sign new contracts which the union claims will cut pay by 15%.

British Gas owner Centrica told the broadcaster around 2% of its staff had chosen not to sign the new contracts, though it reportedly refused to give precise numbers as they could still change.

GMB said strike action would continue, with Wednesday marking the 43rd day of industrial action this year.

It added the strikes have led to a huge backlog of services and emergency repairs.

GMB national officer Justin Bowden condemned the lost jobs as a "low point" in the dispute.

He said: "That British Gas doesn't give a toss for either customers or staff is shown by the mass sackings of engineers it needs so badly for customer services that it has suspended the sale of boiler insurance cover.

"Whilst there is sadly nothing to stop a company bullying its own staff to sign terms they don't accept, and sacking those who won't submit to bullying, GMB members will not accept the outcome of this nine-month campaign of British Gas bullying.

"With hundreds of thousands waiting in the backlog for service, customers have been treated as collateral and so, it seems, too will staff."

Centrica earlier denied the union's claims, with a spokesman saying: "We are modernising the way we work to give our customers the service they want and protect the future of our company and our 20,000 colleagues.

"The vast majority of our employees have agreed to the new terms, which are fair and very competitive. We're not changing base salaries or pensions. Sadly, the GMB continue to say we have cut pay by 15% and this is simply not true.

"Our gas service engineers remain some of the best-paid in the sector, on GBP40,000 a year minimum.

"Some of our engineers who don't currently work a 40-hour week like their other colleagues will be working an additional three hours, and we're increasing their base pay for the next two years to reflect this.

"After this point we're still paying for those hours but through a productivity bonus, which means earnings are uncapped.

"It's now time for all parties to move forward and continue the turnaround of Centrica for our customers' and our colleagues' benefit."

A company spokesman added in a statement to The Guardian: "While change is difficult, reversing our decline, – which has seen us lose over three million customers, cut over 15,000 jobs and seen profits halved over the last 10 years – is necessary."

By PA Reporter

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Jul 2023 12:03

LONDON MARKET MIDDAY: Sterling climbs as UK wage growth speeds up

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth.

Read more
11 Jul 2023 08:56

LONDON MARKET OPEN: FTSE 100 lower as pound strengthens; miners rise

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors digested conflicting UK unemployment data.

Read more
11 Jul 2023 07:48

TOP NEWS: Centrica signs long-term gas deal worth USD8 billion

(Alliance News) - Centrica PLC on Tuesday said it signed a long-term sale and purchase agreement for 1.0 million tonnes a year of liquefied natural gas.

Read more
11 Jul 2023 07:46

LONDON BRIEFING: Sterling above USD1.29 as wage inflation heats up

(Alliance News) - Stocks in London were called flat on Tuesday, as investors weighed shock UK labour market data.

Read more
11 Jul 2023 07:04

Centrica signs $8bn LNG supply deal with Delfin Midstream

(Sharecast News) - UK energy company Centrica on Tuesday said it had signed an $8bn deal with US-based Delfin Midstream to buy 1.0 million of liquefied natural gas a year for 15-years.

Read more
4 Jul 2023 09:27

LONDON BROKER RATINGS: Dunelm, AstraZeneca and Persimmon cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
4 Jul 2023 00:01

Britain’s energy supply sector expected to return to profits – regulator

LONDON, July 4 (Reuters) - Britain’s energy supply sector is expected to return to profitability this year after five years of losses, energy regulator Ofgem said on Tuesday.

Read more
30 Jun 2023 09:30

TOP NEWS: Centrica ups gas storage at Rough, UK's largest facility

(Alliance News) - Centrica PLC on Friday said it has increased its gas storage capacity at the Rough facility in East Yorkshire.

Read more
30 Jun 2023 07:28

Centrica increases Rough gas storage facility

(Sharecast News) - Energy group Centrica has increased capacity its previously mothballed Rough gas storage facility, it confirmed on Friday.

Read more
27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
22 Jun 2023 12:19

LONDON MARKET MIDDAY: BoE moves hawkishly and hikes by 50 basis points

(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation.

Read more
16 Jun 2023 08:58

Citi reiterates 'buy' rating on Centrica

(Sharecast News) - Citi reiterated its 'buy' rating on British Gas owner Centrica on Friday as it argued that the stock's tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.

Read more
16 Jun 2023 07:21

Broker tips: Centrica, JTC

(Sharecast News) - Citi reiterated its 'buy' rating on British Gas owner Centrica on Friday as it argued that the stock's tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.

Read more
15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
14 Jun 2023 09:02

LONDON BROKER RATINGS: UBS raises Wizz Air to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.