EMCC European Monitoring Centre on Change

OVO Energy

Company/Organisation:
OVO Energy

Geographic Location

Country: United Kingdom
Location of affected unit(s): Glasgow, Selkirk, Perth, Cumbernauld, Reading and Cardiff

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.99 - Other retail sale not in stores, stalls or markets
Number Employed: 7800
Group: OVO Group

Employment Effects

Announcement Date: 19-05-2020
Planned Job Reductions min: 2600
Planned Job Reductions max: 2600
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-07-2020

Additional Information

OVO Energy, the British energy firm has announced restructuring plans to cut 2,600 jobs, a third of its workforce across Scotland, England and Wales by the end of 2020. The job losses include about 1,000 meter readers and as many call centre staff. More than 200 electrician and boiler repair technicians will also be made redundant.

The company’s chief executive officer said that the COVID-19 crisis had made it necessary to speed up the restructuring following OVO’s acquisition of SSE Energy Services in January 2020.

A spokesperson for the trade union Unison promised to ensure that as many redundancies as possible were voluntary, while a representative of the trade union GMB union said that the redundancies were 'absolutely disgraceful' citing a report in the Daily Record that a Perth MP had been assured there would be no job losses following the acquisition of SSE.

Ovo Energy is Britain’s second largest energy company. It was founded in 2009 and started by buying and selling electricity and gas to supply households and became one of the Big Six energy companies with the acquisition of SSE's (formerly known as Scottish and Southern Energy plc) retail arm.  

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