Eletrobras to Start Retirement Incentive Plan for Up to 1,574 Workers
Provided by
Dow Jones
By Jeffrey T. Lewis
SAO PAULO--Centrais Eletricas Brasileiras, or Eletrobras, said Monday it will carry out a retirement incentive program starting Tuesday for up to 1,574 employees.
The cost of the program should be between 450 million reais, the equivalent of $93 million, and BRL750 million, with a payback similar to previous programs, Eletrobras said.
The plan is intended to improve the company's cost and operating expense structures while permitting greater adherence to its new organizational structure under its strategic plan, Eletrobras said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
June 19, 2023 08:42 ET (12:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
10 Top-Performing Dividend Stocks of the Month
-
Marathon Petroleum Earnings: No Change to Competitive Position, but Shares Look Expensive
-
Charlie Munger and How Not to Invest
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?
-
Mastercard Earnings: A Stable Environment Highlights the Firm’s Strengths
-
Pfizer Earnings: Solid Results Supported by Steady Tracking Toward $4 Billion In Cost Cuts
-
Starbucks Earnings: Not a Lot to Like About Results as Global Traffic Sputters