The representatives of the International Monetary Fund (IMF) and Serbian state-owned power utility EPS have agreed that the problem of redundant employees at EPS should be resolved through early retirement and voluntary departure of employees.
On this basis, it is estimated that almost 2,000 employees could leave the company by the end of the year. According to unofficial sources, it was agreed to send to early retirement those employees who have two to three years to full retirement. On this basis, more than 1,000 workers could leave the company. At least another 800 employees should be added to this number, as they have expressed interest in leaving the company with adequate severance pay.
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Tags: electricity, EPS, IMF, layoffs, Serbia