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.
Electricity 35 - Electricity, gas, steam and air conditioning supply 35.1 - Electric power generation, transmission and distribution 35.13 - Transmission of electricity
100 - 143 jobs Number of planned job losses
Announcement Date
20 December 2017
Employment effect (start)
20 December 2017
Foreseen end date
9 February 2018
Description
The Independent Power Transmission Operator (IPTO or ADMIE) announced on 20 December 2017 a programme of voluntary redundancies for 100 employees. The aim of this programme was to reduce the number of employed staff near retirement. Every participant in the programme can receive a €35,000 bonus. On 9th February 2018, the deadline for participating in the programme, 143 persons had replied positively. Company management is considering accepting all requests.
Sources
13 February 2018: Press release
20 December 2017: Capital
Citation
Eurofound (2017), Independent Power Transmission Operator (IPTO / ADMIE) , Internal restructuring in Greece, factsheet number 94167, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94167.
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