Naturgy closes its voluntary redundancy plan with the departure of 800 employees in Spain

Naturgy has closed its voluntary redundancy plan in Spain with the departure of some 800 workers, around 15% of the workforce in the country. Of these, some 600 departures have already materialized until this month of July, while the rest will take place in the remainder of the year, they informed Europa Press in company sources.

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Last March Naturgy proposed to the unions an adjustment of about 1,000 jobs in Spain, through incentivized and voluntary dismissals, although finally in negotiations that figure was cut to 700 dismissals.

The group proposed the separation of these personnel in Spain, taking into account the evolution of the energy sector (decarbonisation, energy transition, greater competition …), as well as efficiency and digitization criteria.

However, the final figure of 800 casualties has risen by about 100 more workers than initially agreed due to the high adherence to the voluntary redundancy plan.

Naturgy, whose main shareholders are Criteria Caixa, CVC and GIP, is immersed in a partial takeover bid launched by the Australian fund IFM to take up to 22.69% of its capital. Next week the group will present its new strategic plan.

The global workforce of the energy company amounted to about 10,540 employees at the end of 2020, after having already been cut in recent years through various agreed exit plans.

Of this total workforce, some 5,318 employees corresponded to Spain, 27.5% of them over 50 years of age, according to data from the company’s Sustainability Report and Non-Financial Information Status.

The energy company assures that it will carry out in the second half of the year a process of incorporation of qualified workers of about 200 people.


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