The boss of UK energy company Ovo has set out a plan for the government to subsidise gas and electricity bills amid the cost-of-living crisis. Stephen Fitzpatrick, the founder of the Bristol-headquartered energy firm, has put forward a 10-point action plan that he says will see the poorest families get the most support. Under the plan, every household would get some help towards bills, but low...
Ovo expected to make a quarter of staff redundant due to energy crisis
Ovo Energy is moving to cut a quarter of its entire workforce in an attempt to cut costs amid the growing industry crisis. The UK’s third-biggest supplier of gas and electricity is expected to announce the loss of 1,700 roles out of 6,200 as part of a voluntary redundancy scheme as soon as Thursday. Gas market prices last month reached an all-time high of £4.50 per therm, about nine times higher...