04.02.2021 | Hamburg
Otto Group is committed to find job opportunities for ODC colleagues within the Group
Due to strategic reasons, fulfillment and returns service provider ODC, a portfolio company of OGDS, will be discontinued. After validating different options, the Otto Group board has come to the conclusion to stop financing ODC. The Otto Group board strongly acknowledges the work and effort put into starting up ODC and the expert know-how of the ODC team. Otto Group is strongly committed to find job opportunities for ODC colleagues within the Group.
Frauke Mispagel, Managing Director of OGDS: „In October 2020, the decision was taken to discontinue the Company Building activities of OGDS. At the same time all portfolio companies – ODC being one of them – started a process of validating different strategic options. After thorough examination, the Otto Group Board has come to the conclusion to discontinue ODC. Despite this, Otto Group truly appreciates the talent and expertise of the ODC team. Special thanks needs to be expressed to the founding managers for all work and effort that was put into building up the company and for the professional attitude with which the decision of discontinuation has been taken. Together with the employees of ODC, we will look into finding alternative job opportunities within the Otto Group.“
Despite the decision of continuation, all clients of ODC can be assured that all contracts will be fully fulfilled.