Struggling energy supplier Ovo to axe hundreds of jobs
NegativeFinancial Markets

- Ovo Energy, one of Britain's largest domestic gas and electricity suppliers, is set to cut hundreds of jobs next week as part of a strategy to demonstrate to regulators that it has a feasible turnaround plan.
- This significant workforce reduction highlights the challenges Ovo Energy faces in the competitive energy market and raises concerns about its financial stability and ability to maintain service levels for customers amidst ongoing regulatory scrutiny.
— via World Pulse Now AI Editorial System


