The owner of British Gas has announced plans to terminate 5,000 jobs as coronavirus continues to wreak havoc on businesses around the world.
Centrica said it will cut out three management layers, with around half of the current 40-strong senior leadership team leaving the group by the end of August.
The company said the move to "simplify" jobs will result in significant cost savings - with workers set to be placed on consultation over the next six months.
Centrica Group chief executive Chris O’Shea said: "Since becoming Chief Executive almost three months ago, I’ve focused on navigating the company through the Covid-19 crisis and identifying what needs to change in Centrica. "We’ve learnt through the crisis that we can be agile and