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.
In December 2018, the Greek Public Power Corporation (DEI SA) decided to sell its lignite units in Megalopolis, Arcadia and Meliti, Florina. Part of the sale plan included a reduction of the operational costs through the implementation of a voluntary retirement programme. The programme involved 273 employees (244 from Megalopolis and 29 from Meliti). The right to participate was restricted to those nearing retirement or having completed 20-year service within specific age ranges that varied by occupation. The programme included an additional personal bonus of € 25,000
Eurofound (2018), D.E.I. - Public Power Corporation (PPC), Merger/Acquisition in Greece, factsheet number 97780, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97780.