AGL in Australia to Reduce Workforce by 300 as Part of Transition to Clean Energy

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Oct 31 2025

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Source: Reuters

Job Cuts Announced: AGL, Australia's largest power producer, plans to cut around 300 jobs as part of its transition to cleaner energy and the scheduled closure of coal-fired power plants by the mid-2030s.
Investment in Clean Energy: The company aims to invest up to A$20 billion ($13 billion) over the next decade to enhance its clean energy and storage capabilities, while also purchasing new gas turbines for its Kwinana gas peaking power plant.
Impact on Workers: The Mining and Energy Union expressed concern over the job cuts, describing them as a significant blow to workers facing uncertainty due to the transition away from coal.
Company's Commitment: AGL has stated its commitment to transparency and support for affected employees during the consultation process regarding the job cuts.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.