power industry

Unions have slammed plans to axe more than 2700 jobs from the NSW power industry this year. Publicly owned electricity network companies Ausgrid, Endeavour Energy and Essential Energy have revealed plans to cut 2749 jobs from September, offering staff just one week to consult on the proposal. The announcement follows the recent passage of legislation by the NSW government to privatise the power "poles and wires" network. The proposed job cuts are part of preparations for the sale of long-term leases for the three public power companies.