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flag Welsh Water to cut 500 jobs to save £50M annually amid financial challenges.

flag Welsh Water’s outgoing CEO Peter Perry told Senedd members on November 5 that the company plans to cut about 500 full-time jobs over 18 to 24 months to save £50 million annually. flag The move, described as necessary due to financial strain from the pandemic, droughts, and a credit downgrade, aims to ensure long-term sustainability. flag Despite the cuts, the company confirmed its £4 billion investment plan for 2025–2030 remains unchanged. flag Perry, retiring after 46 years, said the transformation is driven by rising scrutiny, customer expectations, and environmental demands.

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