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Wednesday, 28 January 2009 00:00

Job losses announced at Thames Water

Thames  Water  Utilities  Limited, the UK's largest  water and sewerage company, today announced  it was bringing forward a reduction in employee numbers of up to 300 as part of a restructuring programme, and in response to the current economic downturn.

Thames Water has announced today that four bidders are in the running to construct the Lee Tunnel - the first of two major infrastructure projects that make up Thames Water's proposed London Tideway Tunnels.

Details of a three-part survival pack - the IAM Toolkit - designed to help the owners of major public and private-sector assets cope with the double onslaught of unprecedented economic and environmental risks were announced in London on Tuesday, 25th November.

Severn Trent Water has welcomed the findings of Professor Martin Cave's independent review of competition and innovation in the water sector, published this week.

The Government is failing to take a lead to ensure the speedy implementation of Sir Michael Pitt’s recommendations on flooding following 2007’s disastrous floods, industry experts have warned.

A new report published today by Severn Trent says that the aggregate debt for the water industry in England and Wales could triple – from £30 billion today to £90 billion by 2035.

According to a report on the BBC news website last night, the Environment Agency has told Thames Water to revise "substantial parts" of its plans for a new reservoir in Oxfordshire.

Members of the Vale of White Horse District Council have unanimously called for a public inquiry to thoroughly investigate Thames Water's case for a reservoir.

Ofwat has launched a consultation into the regulatory issues arising from the change of ownership of Yorkshire Water.

According to a report in today's Daily Mirror newspaper, water firms are set to face “an angry backlash” as they prepare to reveal profits of £2 billion.

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