EMCC European Monitoring Centre on Change

Endesa

Company/Organisation:
Endesa

Geographic Location

Country: Spain

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.14 - Trade of electricity
Number Employed: 9706
Group: Enel

Employment Effects

Announcement Date: 19-01-2020
Planned Job Reductions min: 3235
Type of Restructuring: Internal restructuring
Planned Job Creation: 1000
Other Job Reduction Measures: 3235

Additional Information

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.

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