Ovo to cut up to 2,000 jobs

Ovo Energy is to cut up to 2,000 jobs as part of its latest round of redundancies. The Unite union said the company announced plans to its staff on Thursday morning (13 January) to axe between 1,700 and 2,000 roles - more than a quarter of its workforce of 6,200 - as the energy crisis continues to grip the sector. The supplier was making heavy losses well before the recent spikes in wholesale energy costs and in 2020 it made a £141 million loss due to the integration of SSE’s energy retail arm.

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