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OVO to cut quarter of staff

Ovo Energy, the UK gas and electricity provider, has told staff it plans to cut a quarter of its workforce.
The firm confirmed in a letter to its employees that it will axe 1,700 roles from a total 6,200 workers.
The reorganisation is linked to its acquisition of SSE three years ago and the integration of the firm into Ovo.
It is understood the cuts will be made through voluntary redundancy. Ovo has also told staff it will raise minimum pay across the firm to £12 an hour.
In the letter, Adrian Letts, the boss of Ovo's retail business, told staff: "Whilst it is regrettable to be reducing roles across the business and we understand this will be an uncertain time for many, we will fully support all our employees as this process develops over the coming months.
"We are engaging with our recognised trade unions to ensure all receive the right information and support."

Ovo Energy tells staff it will cut a quarter of its workforce - BBC News
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