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
300 - 400 jobs Number of planned job losses
Announcement Date
8 December 2022
Employment effect (start)
8 December 2022
Foreseen end date
15 February 2023
Description
Τhe Public Power Corporation S.A. (PPC), launched a voluntary redundancies programme, which is expected to include from 300 to 400 employees. The programme announced by the PPC on 8 December of 2022 and will be completed by 15 February 2023. The programme is addressed mainly to administrative staff, aged around 58 years.
The company provide financial incentives to employees, aiming at reducing operating costs and renewing its staff. The maximum amount that an employee can receive by participating in the voluntary exit program is €45,000.
Eurofound (2022), Public Power Corporation (PPC), Other in Greece, factsheet number 108226, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108226.
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