EnergyAustralia has cut almost 100 staff from its Melbourne office as the company pushes through a major restructure.
The cuts hit corporate teams across technology, finance, and procurement.
Some staff were offered redeployment, while others were let go.
The company would not confirm whether roles were offshored and said the job losses were part of adapting to an industry undergoing rapid change.
A spokesman for EnergyAustralia told SkyNews.com.au the company’s priority was supporting affected workers.
“There are changes happening to ensure we are well placed to deliver reliable energy for the long term,” he said.
“Supporting our people through this change is a top priority, whether that’s providing lots of notice to anyone impacted, through to looking at any redeployment opportunities.”
EnergyAustralia, owned by Hong Kong-based CLP Group, is led by managing director Mark Collette, who earns more than $2.5 million a year.
The job losses follow widespread cuts across the sector.
AGL recently confirmed around 300 redundancies as it prepares for a surge in spending tied to renewable projects and battery storage.
AGL plans to spend up to $20bn by 2035 to build about 12 gigawatts of new generation and storage capacity – a goal that will demand tight cost control.
The EnergyAustralia spokesman said the market shift was reshaping how the business operated.
“As the industry evolves, so does our business,” he said.
“Households don’t just consume energy, they’re storing it and generating it.
“Australia’s managing through a generational energy transformation and our systems and structures at our company need to reflect that.”
EnergyAustralia is also preparing for the closure of its 101-year-old Yallourn coal power station in Victoria’s Latrobe Valley.
The plant is set to shut in 2028, and the company plans to turn the site into a low-carbon energy hub, using gas, solar, and large-scale batteries.
