Portuguese 
English 
Spanish 
2 min of reading 
The Voluntary Dismissal Plan of the Energy Company Eletrobras Will Be the First Since Its Privatization, and About 2,312 People Are Eligible
The Voluntary Dismissal Plan (PDV) of the Brazilian energy giant Eletrobras began on Tuesday, the 1st, which was announced by the company last Friday, the 28th. This will be the first voluntary dismissal plan of the electric utility since its privatization, officially carried out on June 14 of this year.
The dismissal plan will cost approximately R$ 1 billion and is being introduced simultaneously at Eletrobras CGT Eletrosul, Chesf, Eletronorte, and Furnas, in addition to the holding company itself, according to information from the Reuters news agency.
The voluntary dismissal of Eletrobras is aimed at employees who are retired by the official social security or eligible for retirement by April 30, 2023, taking into account the criteria of the INSS itself (age and contribution time required for the years 2022 and 2023). In all companies of the group, there are 2,312 eligible employees for the energy company’s voluntary dismissal plan.
-
A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.
-
Thailand abandoned plans to cut through the country with a canal and chose a $28 billion mega-project on land: the Southern Landbridge will have 90 km, two giant ports, a railway, a highway, and pipelines to connect two seas and challenge the Strait of Malacca without handing over the strategic route to China.
-
Mali wants to open a path to the ocean by digging a 900 km waterway through the Senegal River: an $800 million project promises to reduce logistics costs by up to 60%, create a direct route to the Atlantic, and transform gold exports from one of Africa’s most isolated countries without relying on roads or railways.
-
How much does plastering cost per square meter? Professionals quote an average between R$ 25 and R$ 30.
Enrollment Period
According to Eletrobras, the estimated payback is 11.2 months, and the enrollment period will be from November 1 to 18. Dismissals will occur in staggered groups from December to April 2023.
Eletrobras also stated that the commitment to open the program is part of the proposal by the Superior Labor Court (TST) for the Collective Labor Agreement (ACT) 2022/2024 and includes the proposition of conditions superior to those offered in the last version of the PDV, from 2019.
Eletrobras Privatization Should Not Be Halted by the New Government
The elected president on Sunday, the 30th, stated during the electoral campaign that he would reverse the privatization of Eletrobras if elected. However, he took a step back on this issue, as even if the left-wing candidate decided to insist on reversing the privatization process, the chances of success would be slim, according to some financial market analysts.
The analysis is that Eletrobras is Protected from any potential re-statization, as besides the clause that limits any shareholder’s voting power to 10%, there is a poison pill, a mechanism that discourages aggressive acquisitions, of 200%, if any shareholder acquires control of Eletrobras.
“According to the terms of the privatization, the voting power of any individual shareholder is limited to 10%. There is also a poison pill of 200% if any shareholder decides to acquire control of the company, which at this moment would translate to a cost of over 300 billion reais.”
Be the first to react!