A British trade union became the prophet of doom today, tolling the bell for the energy industry as we know it and suggesting energy workers will be the “casualties” of change.
The union GMB said it expected a trend of “radical restructuring” of the sector over the next few years and “large job losses”.
The gloomy comments came in response to news of energy firm E.ON splitting up its business to focus on renewable energy.
The German company’s statement hinted at a future where energy sources are far more spread across countries and people have their own power sources.
Despite the company specifically stating its spinoff “will not be accompanied by a job-cutting programme”, the union GMB raised fears for the future.
Gary Smith, GMB National Secretary said: “There is no doubt that there will be casualties as a result of this restructuring.”
He added: “E.ON has their own reasons for radically altering the shape of their business but it is linked to the huge forces now at play in the energy sector globally and in the UK.”
Pointing to the decline in the price of oil, the union representative predicted this will “most likely speed up the fall in employment in the North Sea”.