E.ON has announced that it is seeking up to 500 voluntary redundancies in the UK. The Big Six company said the reason it has to reduce staff numbers was due to the sale of its distribution arm, Central Networks in March.

Dr Paul Golby, the outgoing Chief Executive of E.ON UK said: “We had to undertake a deep and rigorous review of how much money we spend in order to ensure we keep costs as low as possible for our customers, become a more agile organisation and build a sustainable business in the UK.”

The company say the majority of the redundancies is likely to be at the company’s head office in Coventry, and at support functions at its offices north of Nottingham.