Hydro Tasmania announces 50 jobs will go in the next 12 months after the business began a restructure of its operations.
In a statement, Hydro chief executive Evangelista Albertini said the company needs to adapt to market conditions so it can be more productive and responsive to leverage advantages.
Hydro Tasmania has estimated around 5 per cent of its staff, approximately 50 full-time employee equivalents, will be cut over a 12-month period.
The energy business said where jobs are lost, "we will offer training and development to support them to transition to newly created, future-focused roles, as well as roles which become available through natural attrition where possible".
Staff are being consulted about the process.
Hydro Tasmania declined to comment further on the restructure.
More to come.