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Ausgrid to reduce costs to keep downward pressure on energy prices

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Ausgrid to reduce costs to keep downward pressure on energy prices

19 October 2020

Ausgrid has today confirmed it is proceeding with an organisational restructure, announced in 2019, in an effort to drive affordability and become a better business for customers.

The announcement includes a reduction of senior management and management roles and further consultation on the removal of 230 back office jobs in January 2021.

Frontline employees will not be affected by these reductions.

CEO Richard Gross said:

“This is a really tough decision, and one that we don’t make lightly. We have challenges to face financially, and we have been open and upfront about that for nearly two years.

“COVID-19 has made things even tougher than predicted for our business. However, we are continuing to work hard to minimise further job cuts.

“This proposed restructure will mostly impact our management teams and back office staff, no frontline jobs will be cut. This means staff working on the poles and wires and in the customer call centre will not be reduced as part of this restructure."


CEO Richard Gross

“We’ve been talking to our staff and the unions about the need to be more financially efficient for over 18 months, and while we have implemented a number of initiatives to achieve cost reductions we have been open and honest that reducing our labour costs was also going to be necessary.

“My focus is to maintain the safety of our people and our community, and to keep the lights on for households and businesses across the network. We need to do everything we can to make energy as affordable as possible.”

Staff who are impacted will be offered a generous redundancy package and employment transition support before finishing with Ausgrid in early 2021.

Ausgrid Media | Emma Shanks | 0408 740 476