Restructuring events
European Restructuring Monitor (ERM)
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.
The Austrian company EVN has announced its intention to dismiss 25% of the workforce in its Electricity distribution company (EDC) - Plovdiv. The measures will be implemented by 2008, announced the member of the Advisory Board Stefan Schischkovitz. As a result about 1,000 workers will be laid off. Details on the yearly dismissals are still negotiated with the trade unions. By the end of 2007, EVN has to implement the separation of its electricity distribution from its trade activities.
EVN is the second electricity distribution companies owner in the marker (after German E.ON, owner of EDCs in Varna and Gorna Orjahovitza), announcing job reduction measures. Only the Czech CEZ (owner of EDCs in Sofia City, Sofia Region and Pleven) has not yet announced any internal restructuring plans.
Eurofound (2005), Electricity Distribution Company - Plovdiv, Internal restructuring in Bulgaria, factsheet number 62629, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62629.