Breaking News

World Health Organization Declares Nigeria Ebola-Free
Tweet TWEET

Iberdrola’s Scottish Power Says to Create 2,500 Engineering Jobs

Iberdrola SA (IBE), Spain’s biggest utility, said it will create 2,500 engineering jobs in the U.K. over the next decade as it expands investment in electricity transmission cables and substations.

The jobs will be both direct employees and those with contractors, and are additional to 1,500 roles already announced last year, Iberdrola’s Scottish Power unit said today in an e- mailed statement. The company also said Glasgow City Council has approved planning for the utility’s new U.K. headquarters to be built in the Scottish city.

Iberdrola is investing 4 billion pounds ($6 billion) through 2014 in the U.K., or about 40 percent of its global total, as part of a plan to focus on what it describes as its “core” markets and withdraw from smaller ones.

“As a global energy company, our operations are focused in the U.K., U.S., Brazil, Mexico and Spain - with Scotland and the U.K. being a key focus for our investment plans,” Chairman Ignacio Galan said in the statement. “We are creating 4,000 jobs in our networks business alone, which will see our company continue to grow and help to boost the Scottish economy.”

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.