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 35.1 - Electric power generation, transmission and distribution
1,000 jobs Number of planned job losses
Announcement Date
13 December 2005
Employment effect (start)
30 December 2005
Foreseen end date
28 December 2007
Description
The Austrian company EVN has announced its intention to dismiss 25% of the workforce in its Electricity distribution company (EDC) - Plovdiv. The measures will be implemented by 2008, announced the member of the Advisory Board Stefan Schischkovitz. As a result about 1,000 workers will be laid off. Details on the yearly dismissals are still negotiated with the trade unions. By the end of 2007, EVN has to implement the separation of its electricity distribution from its trade activities.
EVN is the second electricity distribution companies owner in the marker (after German E.ON, owner of EDCs in Varna and Gorna Orjahovitza), announcing job reduction measures. Only the Czech CEZ (owner of EDCs in Sofia City, Sofia Region and Pleven) has not yet announced any internal restructuring plans.
Eurofound (2005), Electricity Distribution Company - Plovdiv, Internal restructuring in Bulgaria, factsheet number 62629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62629.
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