GES to let go only 290 employees in Spain

Aug 13, 2014 - Spain-based renewable energy specialist Global Energy Services (GES) has reached an agreement with Spanish trade unions UGT and CCOO to trim by half the number of the affected employees from the company’s downsising plan in the country, La Opinion de A Coruna said today.

GES initially planned to dismiss 627 people in its Spanish production centres, but the figure was reduced to 290 people. The company employs a total 2,500 in the country. The plan was approved despite the opposition of the CIG and CGT trade unions.

With this downsising, GES aims to adjust its costs to the new reality on the Spanish market, altered by the recent regulatory changes, concerning the renewable energy sector. In relation to this, GES expects to book bigger growth abroad than in Spain.

GES will treat with priority the employees willing to leave the company voluntarily, the president of the company's committee in A Coruna, Alfonso Seco, said. The plan includes also the payment of a compensation of 31 days for each year in the company. Initially the compensation was for 20 days.

In addition, the employees with less than five years of work experience in GES will receive EUR 1,000. Those who have been with the company for between five and 10 years are getting EUR 2,500. The rest will receive EUR 3,000.

(EUR 1.0 = USD 1.339)

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