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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.2 - Mining of lignite
700 jobs Number of planned job losses
Announcement Date
2 June 2020
Employment effect (start)
3 June 2020
Foreseen end date
30 June 2020
Description
On June 2, 2020, the Public Power Corporation S.A. (PPC) decided to implement a voluntary retirement programme, by providing financial incentives to employees due to the closure of lignite plants (mines and stations) in Western Macedonia. Extra motivations for engaging in the voluntary retirement include the provision of an additional amount of 20,000 euros in addition to the legal compensation. The programme is addressed to employees aged 55 and over, who work in the lignite plants of Western Macedonia and its mines. According to reports, almost 700 PPC employees meet the criteria and have expressed interest to enter the programme.
Eurofound (2020), PPC SA, Other in Greece, factsheet number 101168, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101168.
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