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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric Power Generation, Transmission And Distribution
270 jobs Number of planned job losses
Announcement Date
21 March 2024
Employment effect (start)
21 March 2024
Foreseen end date
21 April 2024
Description
Octopus Energy Group, which handles the retail market in electricity trading, will make around 270 people redundant at its Krakow branch. The Krakow office serviced 1.5 million individual customers from the UK, the Netherlands and Germany. The company has not announced the reasons for the redundancies. The lay-offs will affect employees working in three departments - customer service, finance and business operations. The Labour Office has been informed of the collective redundancies and the handing out of notices has already begun. The dismissed employees will receive four months' salary.
Octopus Energy Group has been in existence since 2015, having previously been the UK's Shell Energy Retail - the renewable energy arm of the group specialising in sustainable energy. In 2023, Shell signed an agreement with Octopus Energy and separated from this part of the group.
Eurofound (2024), Octopus Energy Group, Internal restructuring in Poland, factsheet number 201001, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201001.
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