Scottish Power to axe 300 jobs just days before Christmas

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Scottish Power to axe 300 jobs just days before Christmas
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ScottishPower, which is owned by Spanish firm Iberdrola, posted profits of £925 million in the first six months of this year

ScottishPower, 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.

The energy company complained in the summer that the price cap prevented the firm passing on higher energy costs to customers. “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.

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