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Yorkshire Water to sell business retail arm

Yorkshire Water has confirmed it will sell off its business retail arm, putting at risk around 100 jobs at its Bradford and Barnsley sites.

According to reports in the local media, a spokesman for the company said: “Yorkshire Water Business Services and Three Sixty can confirm they have notified staff of the Kelda Group’s intention to exit the non-household retail market and sell its non-household retail businesses.

“These are early days but we felt it was right to keep our colleagues informed throughout".

The statement said "business as usual" will continuue while details of the market exit are finalised. It also reassured non-household retail customers that they will continue to recieve "the very best service”.

At the time of publication, Yorkshire Water had not responded to a request for further comment.

In February, Yorkshire Water abandoned plans to transfer existing non-domestic customers to its retail spin out, Three Sixty, amid rumours that it might sell off its business book.

Northumbrian Water was tipped as a possible buyer for the non-domestic customer base.

-This article first appeared on Utility Week.

Author: Lois Vallely,
Topic: Policy & Regulation
Tags: business , retail , Yorkshire Water

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