The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Brighton, Leicester, London, Manchester, and Warwick
Sector
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.14 - Trade of electricity
1,000 jobs Number of planned job creations
Announcement Date
5 October 2020
Employment effect (start)
5 October 2020
Foreseen end date
31 December 2020
Description
Octopus Energy, the British electricity and gas retailer, which specialises in ‘clean energy’, has announced plans to create 1,000 jobs in the UK by the end of 2021, doubling its current workforce. The jobs will be created in London, Brighton, Warwick, Leicester and in the company’s new technology centre in Manchester, and will be open to STEM graduates.
A statement by the company said it was planning to expand its cloud-based technology platform to make it easier and cheaper for people to use renewable energy in their homes.
Octopus was founded in 2016 and it is one of the fastest growing private firms in the UK, with operations in the UK, Germany, Australia and the US.
5 October 2020: Octopus Energy (press release) (octopus.energy)
Citation
Eurofound (2020), Octopus Energy, Business expansion in United Kingdom, factsheet number 102259, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102259.
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