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 35.11 - Production Of Electricity
661 jobs Number of planned job losses
Announcement Date
30 October 2024
Employment effect (start)
1 November 2024
Foreseen end date
28 February 2025
Description
The Public Power Corporation S.A. (PPC), with a decision on October 15, 2024, launched a voluntary redundancy program, expected to include up to 661 employees This program is part of the plan for the permanent closure of two additional lignite units of PPC (in Meliti, Western Macedonia with 160 employees, and Megalopolis in the Peloponnese with 501 employees).
The program offers a financial incentive for those who participate, ranging from €35,000 to €110,000. The exact amount will depend on factors such as years remaining until retirement, number of children, and other criteria. Applications will begin on November 1 and will continue until February 28, 2025. Alongside the voluntary redundancy, a transfer program to other job positions will also be available in the areas where the lignite units will be closed.
Eurofound (2024), PPC, Closure in Greece, factsheet number 201864, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201864.
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