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 35.14 - Trade of electricity
3,235 jobs Number of planned job losses
1,000 jobs Number of planned job creations
Announcement Date
19 January 2020
Employment effect (start)
Foreseen end date
Description
The electricity company Endesa (part of the Italian group Enel) announces an early retirement plan for employees who are at least 50 years old (from now to 2024) and who have reached a period of at least 25 years of career within the firm. Affected employees will receive 60-80% of salary depending on age. This plan will be approved together with the new company collective agreement, which will last for six years. During the term of the new agreement the company undertakes to hire 1,000 new employees.
The company is refocusing its activities on renewable energies and thus requires an adjustment of its workforce following the closure of its most polluting coal plants.
Eurofound (2020), Endesa, Internal restructuring in Spain, factsheet number 99721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99721.
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