The Islands Energy Group has put staff in Guernsey and the Isle of Man on notice of potential redundancies with eight roles being cut across the two islands.
The parent company of Guernsey Energy, which was previously Guernsey Gas, says it is in a consultation period as it moves through a restructuring process.
Eight roles which "no longer align" with the company's new structure are going - but the firm says it will be recruiting in "key strategic areas".
The Group also says there is "no one reason" for the restructuring but it is planned to create a more "efficient, effective and modern business".
Pictured: Jo Cox (inset) is the CEO of the Islands Energy Group.
Islands Energy Group said the restructuring is in response to planning for a net zero future.
“There is no one single reason for our restructure,” said CEO Jo Cox. “Rather it is part of our strategy to develop and evolve the business into a shape that is fit-for-purpose both now and in the future.”
Ms Cox said the firm is seeking efficiencies in the way that it supplies gas to customers across Guernsey, the Isle of Man and Jersey, in the face of a changeable and unpredictable global energy market.
“These changes have resulted in eight roles that no longer align with our new structure and a number of colleagues are being placed ‘at risk’ of redundancy," explained Ms Cox.
"It’s important to note that while we are losing roles in some areas, we will continue to hire in key strategic areas. Reviewing our organisational structure is part of our work to ensure that we can provide excellent service to our customers.”
IEG has faced challenges in recent months away from it's restructuring plans, as it dealt with the Pier Road explosion in Jersey which has repeatedly been linked to a gas leak.
There has been no confirmation of that yet, as the official enquiry into the cause of the blast which killed nine people and displaced many more from their homes, is ongoing.
Pictured: Jo Cox speaking to the media after the Pier Road explosion.
Ms Cox had spoken to the media at the time and pledged that IEG would work with the authorities to ensure the cause was identified.
Explaining how IEG has faced other economic challenges, she acknowledged that the restructuring will create challenges for those whose roles are cut as a result.
“We know that this is a challenging time for our people who are impacted, and we are committed to working through the consultation period in the most thoughtful and transparent way possible," she said.
"Re-investing in roles across the business that better align to our operating model is key and we will continue to do this.”
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.
There are no comments for this article.