News

Job cuts policy results in number of workers rising

Published

August 22, 2015

Comments

comments icon

0

Share

Published:

August 22, 2015

Comments:

comments icon

0

Share

Despite continued declarations from the state government and national power utility HEP Group, about how the company needs restructuring and downsizing, including lowering median worker’s age, last year’s official report showed the number of employees rose by 129 compared to 2013, Croatian Novi list newspaper’s portal said. Also, even though there is a generous severance pay offered to those who accept to retire early, the number of workers close to retirement age has actually risen!

In 2012 and 2013 about 1,600 people left HEP under agreement including a payout, so at the end of 2013 the number of employees was cut to 10,887. However, last year it rose by 129 and the most enlarged category is senior workers, the report said. Severance pay is equivalent to 70 percent of average pay throughout one’s career. Simultaneously, HEP Group is hiring trainees, but also experienced workers, depending on particular subsidiary’s needs and independently of age and sex of the expert in question, said the company’s statement to Novi list.

HEP explains inconsistencies with the fact that each year some of the younger workers enter an older category. The management had announced serious restructuring last year but so far there weren’t any big job cuts. Analyses were made and it was concluded that this year 700 workers should leave with severance pay, while 300 young experts need to be hired. The newspaper said it is a well known yet unofficial fact that HEP has about 2,000 people working for fees at each given moment, as the group doesn’t have enough of its own operatives and maintenance staff.

 

Related Articles

serbia eu region bef 2026 grid flexibility panel

Renewable energy ambitions must include ways to ensure grid integration

22 May 2026 - Market participants in the region have differing views of the current state of the grid, according to a panel held at Belgrade Energy Forum 2026

Greece PPC Group raises EUR 4.5 billion in capital offering

Greece’s PPC Group raises EUR 4.5 billion in capital offering

22 May 2026 - Public Power Corp. conducted a historic share capital increase of EUR 4.5 billion. The government and existing stockholder CVC covered 55.6%.

DRI operating licence for Văcărești solar park in Romania

DRI gets operating licence for Văcărești solar park in Romania

22 May 2026 - DRI has received the commercial operating license for its 126 MW Văcărești solar park in Dâmbovița county near Bucharest

SANY Renewable Energy Alibunar wind parks Serbia end June 2026

SANY Renewable Energy to start building Alibunar wind parks in Serbia by end-June

22 May 2026 - SANY Renewable Energy has signed agreements with contractors for its wind power projects Alibunar 1 and 2 in northeastern Serbia