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 35.12 - Transmission of electricity
100 - 143 jobs Number of planned job losses
Announcement Date
20 December 2017
Employment effect (start)
20 December 2017
Foreseen end date
9 February 2018
Description
The Independent Power Transmission Operator (IPTO or ADMIE) announced on 20 December 2017 a programme of voluntary redundancies for 100 employees. The aim of this programme was to reduce the number of employed staff near retirement. Every participant in the programme can receive a €35,000 bonus. On 9th February 2018, the deadline for participating in the programme, 143 persons had replied positively. Company management is considering accepting all requests.
Sources
13 February 2018: Press release
20 December 2017: Capital
Citation
Eurofound (2017), Independent Power Transmission Operator (IPTO / ADMIE) , Internal restructuring in Greece, factsheet number 94167, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94167.
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