Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain's GMB union to hold strike at British Gas on Feb. 5-8

Published 01/02/2021, 07:39
Updated 01/02/2021, 08:05
© Reuters. FILE PHOTO: A British Gas sign is seen outside its offices in Staines in southern England

LONDON (Reuters) -The GMB union said on Monday that engineers and other staff at Centrica (LON:CNA)'s British Gas will go on strike on Feb. 5-8 in a dispute over proposed changes to work conditions.

Centrica said in June it planned to cut about 5,000 jobs, almost 20% of its global workforce, and change terms of worker contracts, as Britain's largest energy supplier stepped up restructuring in the wake of the COVID-19 pandemic.

GMB said union members would not agree to a pay deal that was 15% below agreed rates and other adverse changes.

The latest action follows 12 days of strikes so far this year over what GMT called plans to "fire and rehire" and cuts to workers' pay and terms.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.