OVO Energy

OVO Energy

Ovo is cutting 1,700 jobs — or more than a quarter of its workforce — as it seeks to cut costs and navigate the energy crisis. Britain’s third-biggest energy supplier is expected to confirm today that it is opening a voluntary redundancy programme. This move comes as Ovo attempts to rein in costs amidst challenging market conditions.

Impacts of Workforce Reduction

The decision to axe a significant portion of its employees will undoubtedly have far-reaching impacts on both the affected individuals and the company as a whole. Ovo Energy will need to carefully navigate this transition period to ensure minimal disruption to its operations and maintain its position in the competitive energy market.