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Thames Water to cut 25% of jobs

Thames Water to cut 25% of jobs: The UK’s biggest water firm has announced plans to axe up to a quarter of its workforce as part of a major cost-cutting drive.

Thames Water plans to cut up to 300 jobs each year until 2010.

News of the cuts comes at a time when the German-owned firm is under fire for failing to hit leakage targets, despite profits rising 31% to £346.5m.

Source: BBC

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