AGL Energy is looking to cut several hundred roles as the country’s second-largest energy retailer looks to fund its transition from coal.

The company is currently consulting with staff ahead of the planned cuts, as AGL looks to contain costs and free up capital likely in order to improve their investment capacities.

AGL, whose largest shareholder is Mike Cannon-Brookes, has not yet confirmed the total number of positions to go, though Skynews.com.au understands it could be as many as 300.

Some of those roles, however, are likely to include vacancies – impacted individuals could sum closer to 200 people.

The proposed cuts are understood to apply to both salaried positions and positions under Enterprise Agreements in Victoria and New South Wales.

Executives will trim the fat in its int

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