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4,500 jobs at risk at Carillion
Friday December 2nd 2011
Services company Carillion has warned 4,500 staff that their jobs are at risk following plans to halve subsidies on solar power.
The company wrote to employees at its energy services division, made up from the Eaga business it bought for £306 million earlier this year, saying it has launched a 90-day consultation on how to reshape the business.
The company believes the Government's plans to cut feed-in tariffs on installing solar panels on homes were greater and sooner than expected, leading to a "significant" reduction in its market.
It is understood that about a third of the jobs, or about 1,500 staff, could be axed, although no decision has yet been made.
Carillion bought Newcastle-based Eaga, one of the UK's biggest suppliers of heating and renewable energy services, in February.
But the Government has since announced that feed-in tariffs, which supplement the amount of money received by supplying solar energy to the National Grid, could be cut as soon as December 12.
Copyright © Press Association 2011
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