EMCC European Monitoring Centre on Change

Electricidade de Portugal (EDP)

Company/Organisation:
Electricidade de Portugal (EDP)

Geographic Location

Country: Portugal
Region: Continente

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Number Employed: 9106

Employment Effects

Announcement Date: 17-10-2003
Planned Job Reductions min: 1300
Planned Job Reductions max: 2000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2003
Foreseen End Date: 01-12-2004

Additional Information

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.