Otovo cutting staff by 46% amid market slowdown
- Admin
- Sep 17, 2024
- 1 min read
Norway-based home solar and battery storage installation marketplace Otovo ASA plans significant staff reduction to bring costs in line with activity levels. The company aims to reduce the number of employees by around 46% to around 200 from 366, delivering between NOK 200 million and NOK 225 million in annual savings, including NOK 150 million from job cuts.
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