EMCC European Monitoring Centre on Change

Iberdrola

Company/Organisation:
Iberdrola

Geographic Location

Country: World
Location of affected unit(s): Brazil, United States, Britain, Mexico and Spain

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.11 - Production of electricity
Number Employed: 35000

Employment Effects

Announcement Date: 02-04-2020
Type of Restructuring: Business expansion
Planned Job Creation: 5000

Additional Information

Iberdrola, the Spanish multinational electric utility company, announced  the creation of 5,000 new jobs during 2020. The group will accelerate investments as soon as possible to contribute to economic activity and promote employment, implementing required safety and sanitary measures. The president of the company appealed for responsibility and collaboration to mitigate the effects of the crisis caused by the coronavirus. The company expects to reach €10 billion of investments.

About 50% of the new full-time positions will be created in Brazil, a company spokesman said, but there will be increases in all its main markets, which also include the United States, Britain, Mexico and Spain.

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