Hyder looks for £10m property disposals
Hyder, the multi-utility formed after Welsh Water’s £893m takeover of Swalec, is to cut 900 jobs in a reorganisation set to save £100m a year in costs by the end of the century. The group said it was moving to divest certain non-core activities previously belonging to Swalec. It expects to receive about £10m from property disposals this year and it is also looking at the future of its 7% stake in a power station.
- Financial Times 20/6/96 Page 19, page 22, page 18 (LEX)
- The Daily Telegraph 20/6/96 page 18, page 19 (City Comment)
- The Independent 20/6/96 page 20 (The Investment Column), page 21
- The Guardian 20/6/96 page 19
Hyder, the multi-utility formed after Welsh Water’s £893m takeover of Swalec, is to cut 900 jobs in a reorganisation set to save £100m a year in costs by the end of the century. The group said it was moving to divest certain non-core activities previously belonging to Swalec. It expects to receive about £10m from property disposals this year and it is also looking at the future of its 7% stake in a power station.
Financial Times 20/6/96 Page 19, page 22, page 18 (LEX)
The Daily Telegraph 20/6/96 page 18, page 19 (City Comment)
The Independent 20/6/96 page 20 (The Investment Column), page 21
The Guardian 20/6/96 page 19
