Electricidade de Portugal (EDP)

Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Electricity
35 - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
1,300 - 2,000 jobs
Number of planned job losses
Job loss
Announcement Date
17 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 December 2004

Description

Electricidade de Portugal (EDP) announced a restructuring plan affecting the 2,000 workers by the end of 2004, through early retirement and direct dismissals. The costs of this restructuring plan are in charge of consumers through an increase of the electric tariffs.

Sources

  • 6 July 2003: Diário Económico
  • 17 October 2003: Público

Citation

Eurofound (2003), Electricidade de Portugal (EDP), Internal restructuring in Portugal, factsheet number 59444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59444.