Scottish Power is set to cut 150 jobs from their Glasgow office just days before Christmas, with a further 150 workers being made redundant at their Liverpool location.
Scottish Power, which is owned by Spanish firm Iberdrola, posted profits of £925 million in the first six months of this year and paid chief executive Keith Anderson £1.35m last year.
However, the retail arm of the company, which supplies gas and electricity to almost five million households in the UK, has suffered a fall in profits, reports the Daily Record.
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The energy company complained in the summer that the price cap prevented the firm passing on higher energy costs to customers.
The workers who are losing their jobs earn between £23,000 and £35,000. One worker facing compulsory redundancy said: "There are 300 jobs going in the restructure and that process will complete in December.
“They are outsourcing to Spain and South Africa, which will save a fortune. There may be more jobs cut next year if they don’t achieve the savings.
“What’s added insult to injury is many of us are going at Christmas and, at the same time, they are advertising hundreds of green jobs.”
Scottish Power Renewables, a more profitable arm of the business, is taking on 1000 staff in a move described by Anderson as the firm’s biggest recruitment drive.
Scottish Power said it was reviewing its organisational structure.
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