Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
Florina (West Makedonia) and Arcadia (Peloponnesus)
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.20 - Mining of lignite

273 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2018
Employment effect (start)
19 December 2018
Foreseen end date
14 January 2019

Description

In December 2018, the Greek Public Power Corporation (DEI SA) decided to sell its lignite units in Megalopolis, Arcadia and Meliti, Florina. Part of the sale plan included a reduction of the operational costs through the implementation of a voluntary retirement programme. The programme involved 273 employees (244 from Megalopolis and 29 from Meliti). The right to participate was restricted to those nearing retirement or having completed 20-year service within specific age ranges that varied by occupation. The programme included an additional personal bonus of € 25,000


Sources

Citation

Eurofound (2018), D.E.I. - Public Power Corporation (PPC), Internal restructuring in Greece, factsheet number 97780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97780.