Internal restructuring
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.2 - Mining of lignite

550 jobs
Number of planned job losses
Job loss
Announcement Date
24 July 2020
Employment effect (start)
1 September 2020
Foreseen end date
30 September 2020


On 24 July 2020,   PPC announced a second voluntary exit programme  this year in which applicants needed to meet two prerequisites. Firstly, applicants must be turning at least 55 years of age by December 31, 2020. Secondly, they needed to have already qualified for pension rights before applying for the exit plan. Employees who sign up for the programme, will  receive compensation packages totaling 35,000 euros.

PPC’s second voluntary exit program offered to employees this year has achieved a success rate of 85%, convincing 465 employees  to sign up, from a target group of 550.

The total number of voluntary exits in this year  (two programmes) is 1,200 persons, as compared to an initial estimate of 1,000 persons.



Eurofound (2020), PPC, Internal restructuring in Greece, factsheet number 102048, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102048.