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Centrica to Cut 5,000 Jobs as New CEO Seeks Fresh Start

  • Job losses amount to 19% of U.K. utility’s workforce
  • Company’s share price has fallen 86% since start of 2015
A gas combustion rig at the British Gas Energy Academy, in Leicester, U.K.
A gas combustion rig at the British Gas Energy Academy, in Leicester, U.K.Photographer: PAUL HACKETT
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Centrica Plc is set to shed 5,000 jobs before the end of the year as the new boss seeks to cut costs after years of customer losses and falling profits.