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 35.13 - Distribution of electricity
1,500 jobs Number of planned job losses
Announcement Date
6 November 2015
Employment effect (start)
16 November 2015
Foreseen end date
31 December 2015
Description
Croatian Electro-production (Hrvatska Elektroprivreda - HEP Group), the national electricity company, will lay-off around 1,500 employees by the end of 2015. The affected workers will mostly come from HEP Distribution System Operations and those who are eligible for early retirement. According to collective agreements, each laid-off worker (including those accepting early retirement) should get severance payment to the amount of 60% of his or her gross salary per year of continuous service in the HEP. The process of restructuring of HEP has been led by the company Price Waterhouse Coopers. HEP has been engaged in electricity production, transmission and distribution for more than one century, and in heat supply and gas distribution for the past few decades.Â
Sources
6 November 2015: Lider
Citation
Eurofound (2015), Hrvatska Elektroprivreda (Croatian Electro-production), Internal restructuring in Croatia, factsheet number 85263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85263.
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