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 35.14 - Trade of electricity
10,000 jobs Number of planned job creations
Announcement Date
29 April 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2021
Description
Spanish electricity firm Endesa is to invest € 920million to upgrade and extend its electricity distribution network in the region of Andalusia (Spain) between 2019 and 2021.The plan will generate, according to the company, 10,000 direct jobs and more than 7,000 indirect jobs by subcontracting operations in the region. The total investment is 22% higher than in the previous strategic plan. The most important target of this new plan is digitalization, a factor that will improve the supply quality with 4,500 new distribution centres using digital solutions. Endesa's proposal also foresees the construction of 23 new substations. In addition, the power company will install new power distribution lines: 1,688 kilometres of cables both high and low voltage.
Sources
1 May 2018: Diario de Sevilla
30 April 2018: La Vanguardia
Citation
Eurofound (2018), Endesa, Business expansion in Spain, factsheet number 93925, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93925.
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