Centrica Share Discussion Threads

[nortic 007] 20/7/2020 14:49

Sure did !!

[diohohku] 20/7/2020 14:33

Nortic007 you buy synairgen

[diohohku] 20/7/2020 14:23

BGx will be good for profit

[nortic 007] 20/7/2020 12:48

Did you buy any SNG ?.)

[ariane] 20/7/2020 09:49

UP AND COMING IMPORTANT DATE

24-07-2020
Interims


roll on Friday

[diohohku] 20/7/2020 09:39

I wait result friday

[jeannettetigger] 17/7/2020 08:59

Thank you for that whatsup32.

[waldron] 16/7/2020 21:14

THE GUARDIAN


Centrica left it far too late to tackle its problems

Nils Pratley

Earlier action by the British Gas owner to sort out the business might have spared 20,000 staff the risk of a ‘fire and rehire’ process

Thu 16 Jul 2020 20.03 BST

Last modified on Thu 16 Jul 2020 20.45 BST

Centrica’s new chief executive, Chris O’Shea, wants to ‘modernise and simplify’ the business. Photograph: Steve Parsons/PA Wire

So this is what Chris O’Shea, new chief executive of Centrica, owner of British Gas, meant by his plan to “modernise and simplify the way we do business”: 20,000 employees in the UK must accept new terms and conditions or else they could lose their jobs.

Centrica hasn’t yet started the “fire and rehire” process and says it will only do so as “a last resort” if negotiations with unions fail. But a formal advance warning of mass redundancies has been made.

[waldron] 16/7/2020 21:09

Centrica employees face revised contracts with no overtime
By Adam McCulloch on 16 Jul 2020 in Coronavirus, Latest News, Trade unions, Overtime, Redundancy, Employment contracts
Steve Parsons/PA Wire/PA Images

Centrica, the owner of British Gas, has told thousands of staff they will have to accept new working conditions or face more redundancies.

The new conditions do not include overtime pay at the UK’s largest gas and electricity company but would be in line with the “median market” the firm stated, emphasising it would remain an “attractive employer” after the changes.

According to the BBC the firm said if employees did not sign the contract, there would have to be a fresh wave of redundancies as a “last resort”, on top of the 5,000 job cuts that were announced in June.

Centrica said it had opened talks with unions and that the contract changes were crucial because many of its 21,000 staff had “outdated̶1; variations of terms.
Covid-19 impact on jobs

Centrica to axe 5,000 jobs

How do British and French laws on collective redundancy differ?

BP and Mulberry job cuts

BA plans to re-hire staff on worse terms claims union

Latest redundancy news

Coronavirus: Temporary changes to workplace policies and procedures

Unions were highly critical of the changes with Justin Bowden, of the GMB union, said: “It remains to be seen whether the leadership thinks it can cut its way out of crisis or if it has a plan for growth and the ability to negotiate.”

Competition from smaller more agile rivals has seen Centrica lose three million customers over the past decade. It reported an £849m loss last year and said it aimed to make overall savings of £2bn by the end of next year.

The company said the changes would not affect base pay or pensions.

It warned that a Section 188 notice, which employers have to give workers and unions pending any moves for large-scale redundancies, would be a last resort if workers did not agree the new terms.

“We’ve been open about the changes we need to make to win back customers, grow our company and protect jobs in the long run,” the company said in a statement. “Our employees’ base pay and pensions will be protected but simplifying and modernising their terms is essential if we’re to become more flexible and price competitive. We have over 80 different employee contracts with 7,000 variations of terms, many of which are outdated and stop us delivering for customers.

“We want to continue with constructive talks and the s.188 notice provides an option of last resort if it turns out we can’t work together to achieve this. We understand the impact this will have on colleagues and this is not an option we want to use but we must make these changes and we must conclude these talks before the winter period.’’;

The company told Personnel Today that T&Cs underpin how “flexible/competitive we can be” but they “currently prevent us from doing so – for example – today if an engineer is located close to a customer, we can’t send that particular engineer because of invisible T&C’s barriers”.

The spokesperson said Centrica would remain an attractive employer even as it changed and “our T&Cs will be in line with the market median”.

According to a presentation seen by the BBC, Centrica proposed to fix overtime pay at the same rate as regular hours. Overtime at the firm can currently double the hourly rate, depending on a worker’s contract.

Under the new contract, engineers who were might be asked to work shifts between 8am and 8pm in the busier winter period could be allocated hours any time between 6am and 11pm, said the BBC.

Centrica’s move echoed that of British Airways in May, which also met with strong disapproval from workers and unions.

One Centrica engineer told the BBC: “What is really painful is that when this coronavirus kicked off, we all rose to the challenge.”

“We were going into houses. We were feeling proud, as we were key workers,” he said. The mooted contract changes were a “huge slap in the face.”

He also referred to suspicions among workers that the revised conditions were being implemented during the coronavirus crisis so that employees couldn’t have meetings and discussions about them.

Centrica wanted to reach a deal before winter, it said, after consultation with unions which had already started.
HR Director opportunities on Personnel Today

[whatsup32] 16/7/2020 20:56

A different article , for you all. I don’t hold CNA

[whatsup32] 16/7/2020 20:53

Here is the link for that new conditions jeannette.

[jeannettetigger] 16/7/2020 18:27

It's not a good approach, I remember being in the same position many years ago. If Centrica is to survive, I suppose tough measures have to be put in place.

[mroalan] 16/7/2020 18:04

Good idea if they put the proposal to the board of directors first who have destroyed the company.

[jeannettetigger] 16/7/2020 16:53

Centrica to ask employees to agree to new conditions or reapply for their jobs.

[mroalan] 15/7/2020 17:03

was thinking depression myself,does that chart look like its excited?

[ohoh] 15/7/2020 10:36

Could the update on the 24th add some excitement?

[mroalan] 15/7/2020 10:23

started on the 40p line in the middle of March and still there,not only useless but boring.

[diohohku] 14/7/2020 15:53

Who certain poster

[diohohku] 14/7/2020 13:06

Nortic007 you have no clue

[nortic 007] 14/7/2020 08:17

Haven't a clue but after buyhighselllowdoh poor cameo performance the other week I thought something had to be said.Unfortunately a certain poster was so thick he managed to give the game away within 5 posts.Have a good day .)

[ohoh] 14/7/2020 07:59

Well done to you, Did they listen :)

[nortic 007] 13/7/2020 20:19

Typo (not a complaint)