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ELEZY Endesa SA (PK)

9.899
-0.021 (-0.21%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Endesa SA (PK) USOTC:ELEZY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.021 -0.21% 9.899 9.64 10.06 9.95 9.788 9.788 6,779 21:06:11

Endesa to Cut Up to 1,200 Employees by 2024

22/12/2020 7:05am

Dow Jones News


Endesa (PK) (USOTC:ELEZY)
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From Jun 2019 to Jun 2024

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   By Joshua Kirby 
 

Endesa SA said Tuesday that it has reached an agreement with labor unions on the voluntary suspension or termination of a maximum of around 1,200 employees between 2021 and 2024.

The Spanish utility company said the layoffs are part of its strategic plan, which includes process digitalization.

The execution of the collective agreement will entail a nonrecurring impact on income of around 390 million euros ($477.5 million), with no effect on shareholder remuneration for the 2020 financial year, the company said.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

 

(END) Dow Jones Newswires

December 22, 2020 01:50 ET (06:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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