Internal restructuring
Location of affected unit(s)
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

1,450 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2020
Employment effect (start)
Foreseen end date


Iberdrola, the Spanish multinational electric utility company, announced a workforce adjustment in Spain during the negotiation on the new collective agreement of the company. The measure affects 1,450 workers (15% of the workforce) in the entire country.

The company's proposal is to implement agreed early retirements, in addition to reducing some social benefits (for example, the coverage of free electricity consumption). In contrast, in the negotiation the unions demand a 7% reduction in working hours, new seniority payments and the extension to the entire workforce of the pension plan provided by the company.

This comes at the same time the company is close to becoming the top electric company in the country in terms of production of electricity.



Eurofound (2020), Iberdrola, Internal restructuring in Spain, factsheet number 102243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102243.