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| Name | Symbol | Market | Type |
|---|---|---|---|
| SSE PLC (PK) | USOTC:SSEZY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.23 | 1.06% | 21.89 | 21.63 | 21.90 | 21.9425 | 21.66 | 21.82 | 50,411 | 21:22:28 |
From May 2019 to May 2024
By Adam Clark
SSE PLC (SSE.LN) plans to eliminate 444 jobs as the energy supplier struggles with slow takeup of smart meters, according to the Unite union.
Unite said Wednesday the plans were "disappointing, but not unexpected" after demand for smart meters failed to reach expected levels. The U.K. government has targeted offering a smart meter to every household in the country by 2020.
SSE said in an emailed statement that it doesn't intend to make any compulsory redundancies and it was offering voluntary redundancies for some of its customer service and metering teams.
"Like a number of suppliers, we are facing challenges due to competition increasing, the introduction of the energy price cap and higher operating costs. To run a sustainable business, we need to become more efficient and ensure we have the right number of employees in the right locations to best serve our customers," SSE Chief Operating Officer Tony Keeling said.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
May 08, 2019 08:04 ET (12:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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