“As we transition our portfolio, and connect our customers to a sustainable future, we need to ensure that today’s business remains productive and competitive in this changing market while we continue to invest in our business for tomorrow,” an AGL spokesperson said.
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Total cuts could be up to 300 roles, The Australian newspaper reported. The AGL spokesperson did not say exactly how many jobs out of its total workforce of about 4,200 would be cut.
“We understand this may be a difficult time for our people and we’re committed to communicating with transparency and respect and providing support throughout the consultation process,” the spokesperson said.
The company, which generates and sells power, has said previously that it plans to spend up to A$20 billion ($13 billion) in the next decade to build out clean energy and storage capacity to replace its ageing coal fleet.
AGL, which has the highest carbon emissions footprint in Australia, separately said on Friday it will buy four new gas turbines from Siemens AB for its Kwinana gas peaking power plant in Western Australia for A$185 million.
Reporting by Helen Clark; Editing by Sonali Paul
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