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Former Football League sponsors to shed 1,000s of jobs

Npower, one of the six main energy suppliers in the UK is considering axing more than 6,700 jobs across Europe over the next two years as it looks to claw back profits.

According to the BBC the German group RWE had distributed a letter to shareholders saying it intended to cut 6,750 jobs across Europe between 2014 and 2016 and reduce costs by another €1bn (£840m) as it looked to deal with low wholesale prices for energy and an increase in renewable capacity. The proposals mean the firm could shed around 18% of its workforce.

Npower were sponsors of the Football League after signing a three-year deal in 2010, believed to be worth around £21million, to replace Coca-Cola but the pulled out despite options to continu in February this year.

The sponsorship was eventually taken over by Sky Bet.

 

KJ

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