Newspaper article The Journal (Newcastle, England)

A Silver Lining for Energy Staff Facing Redundancy

Newspaper article The Journal (Newcastle, England)

A Silver Lining for Energy Staff Facing Redundancy

Article excerpt

Byline: BUSINESS coreena ford coreena.ford@ncjmedia.co.uk

FUTURE energy staff who faced redundancy when the Newcastle supplier collapsed have been taken on by a new energy business - and received a 20% pay increase.

The company was forced to close last week when directors admitted it couldn't muster the buying power to compete against bigger players in the energy market. Its 12,000 customers have since been moved over to a new supplier, Green Star.

Now, as administrators move into Future Energy's city centre offices, Scottish company Together Energy has stepped in with a last-minute rescue deal to save the jobs of its 20 employees.

The firm has acquired the building and the staff, all of whom had faced redundancy. The base will now head up the North East operations of Together Energy, after its chief executive Paul Richards orchestrated the takeover with Future Energy CEO David Stroud and the administrators.

Mr Richards said: "We believe that by taking on all of the team at Future Energy our business in Scotland can have a new bigger future through expansion into North East of England and Yorkshire. …

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