Energy supplier Opus Energy, headquartered in Northampton, is reportedly set to cut up to 340 jobs following its decision to transfer 90,000 small business customers to EDF Energy.
A few weeks ago, Drax announced it would dispose of a portfolio consisting of 90,000 small and medium-sized (SME) business customers to EDF.
These customer meter points were originally acquired by Drax Group as part of its purchase of Opus Energy in 2017, a transaction valued at £340 million.
The move comes as part of a strategic realignment to focus on larger corporate clients rather than small and medium-sized enterprises (SMEs).
Drax has initiated a consultation process affecting roles at Opus’s Northampton office, with plans to retain 90 employees to manage the remaining SME accounts.
Concerns have been raised by affected employees about the adequacy of the redundancy packages offered.
One employee, speaking anonymously to the BBC, expressed dismay over the situation, highlighting financial pressures and the challenges of finding new employment quickly.
Both Drax Group and EDF Energy have been contacted for comment by Energy Live News, but have yet to respond.
Copyright © 2024 Energy Live News LtdELN