Tag: Otovo
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Otovo to cut 88 jobs as it migrates solar installations to external partners
Overview: Otovo’s major restructuring and job cuts Norway-based solar company Otovo announced a significant workforce restructuring in a stock market notice, stating it will reduce its headcount by 88 employees. The move brings the total staff from 213 down to 125 as the company pivots its business model and cost structure. The restructuring is part…
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Otovo restructures, cuts 88 jobs to outsource installation
Otovo restructures and trims workforce Otovo, the Oslo-listed solar company known for selling rooftop solar panel solutions and batteries, announced a major restructuring that will cut 88 positions. The workforce is set to fall from 213 to 125 employees as part of the strategic shift. The company said the job cuts are aimed at lowering…
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Otovo to Cut 88 Jobs as It Restructures Its Solar Rooftop Business
Otovo announces major restructuring and significant job cuts In a stock market filing, Otovo disclosed plans to reduce its workforce from 213 to 125 employees, eliminating 88 roles. The reductions affect several senior positions, including CFO Petter Ulset, Revenue Director Fabio Stefanini, and Marketing Director Sasha Berson. The move is described as part of a…