E.On is planning to cut almost 700 jobs, mainly in support and management roles

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E.On is planning to cut almost 700 jobs, mainly in support and management roles, over the next two years as part of the migration of customers to a new platform, the energy giant has announced.

The news of further UK job losses comes minutes after High Street shops Peacocks and Jaeger collapsed into administration with nearly 4,700 employees at risk across 423 stores.

Less than a week ago Greggs announced plans to slash 800 jobs because of a sales slump during the coronavirus pandemic.

In the three months to September, unemployment jumped to 4.8%, the highest in four years.

Early figures from HMRC suggest 33,000 people were removed from company payrolls in October.

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