Centrica has announced plans for a dramatic restructure which will see around 5,000 jobs axed and half its senior leadership team depart. The company proposes having fewer customer-facing business units, with all of them reporting directly to chief executive Chris O’Shea. As a result, Sarwjit Sambhi, chief executive of Centrica Consumer and Richard Hookway, chief executive of Centrica Business will step down from the board immediately and leave the company by the end of July.
5,000 jobs set to be axed as Centrica announces restructure
