AGL Australia to reduce jobs as part of Clean Energy Push

AGL, Australia's largest energy producer, announced on Friday that it would cut jobs in order to transition towards cleaner energy. It also plans to close its coal-fired plants by the mid-2030s.

A spokesperson for AGL said: "We need to make sure that our current business is productive and competitive on this market, while continuing to invest in the business of tomorrow.

The Australian newspaper reported that the total number of roles cut could reach 300. A spokesperson for AGL did not specify how many of the 4,200 total jobs that AGL employs would be eliminated.

The spokesperson stated, "We are committed to providing support and transparency throughout the consultation process. We understand that this is a challenging time for many of our citizens."

The company that generates and sells electricity has previously stated it will spend up to A$20bn ($13bn) over the next decade on building out clean energy and storing capacity to replace its aged coal fleet.

AGL, the company with the largest carbon footprint in Australia, announced separately on Friday that it would buy four new gas-peaking turbines for A$185M from Siemens AB.

(source: Reuters)