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 35.11 - Production of electricity
5,000 jobs Number of planned job creations
Announcement Date
2 April 2020
Employment effect (start)
Foreseen end date
Description
Iberdrola, the Spanish multinational electric utility company, announced the creation of 5,000 new jobs during 2020. The group will accelerate investments as soon as possible to contribute to economic activity and promote employment, implementing required safety and sanitary measures. The president of the company appealed for responsibility and collaboration to mitigate the effects of the crisis caused by the coronavirus. The company expects to reach €10 billion of investments.
About 50% of the new full-time positions will be created in Brazil, a company spokesman said, but there will be increases in all its main markets, which also include the United States, Britain, Mexico and Spain.
Eurofound (2020), Iberdrola, Business expansion in World, factsheet number 100210, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100210.
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