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Share Price Information for SSE (SSE)

London Stock Exchange
Share Price: 1,113.00
Bid: 1,111.00
Ask: 1,111.50
Change: 6.00 (0.54%)
Spread: 0.50 (0.05%)
Open: 1,110.50
High: 1,114.50
Low: 1,103.00
Yest. Close: 1,107.00
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SSE Set To Cut Hundreds Of Jobs Over Lack Of Smart Meter Demand

Wed, 8th May 2019 11:57

LONDON (Alliance News) - Energy giant SSE PLC is planning to cut more than 400 jobs in its retail sector covering smart meter installation because of a lack of take-up for the devices from consumers, according to a union.

Unite called on the government to step up campaigns on the benefits of smart meters in the wake of the company's plans to axe 444 jobs.

National officer Peter McIntosh said the announcement was disappointing but not unexpected.

"Unite will oppose any attempts by the company to introduce compulsory redundancies.

"Demand for smart meters to be fitted in households has not reached the levels expected by the company � hence the job losses announced by the SSE retail sector.

"This situation is as a result of yet another failed government policy.

"The smart metering programme should not have been left to the energy companies, as the 2020 deadline looms for every home in Britain to be offered a smart meter.

"It is clear that the government message on smart metering is not cutting through to the public."

source: Press Association

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