Copel announces voluntary dismissal program (PDV)

In the month in which Paraná Electric Energy Company (Copel) was privatized, with the raising of R$ 5.2 billion in the sale of shares on the Stock Exchange (M3) and with the end of the State’s control over the company’s shares, the company launched a Voluntary Dismissal Program (PDV) to your servers.

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The company, which has about 6 thousand servers and which operates in the generation, transmission, distribution and commercialization of energy, issued a statement to shareholders and the market, this Thursday (24), warning that the measure is based on what is foreseen in the collective bargaining agreement signed in January this year and which includes Copel’s new POS.

According to the statement, the employee who adheres to the PDV will receive 30 remunerations as indemnity compensation for the termination of the employment contract with Copel. Each employee will be entitled to a minimum amount of BRL 150,000, as well as payment by the company of a fine of 40% of the base amount for termination purposes of the Severance Indemnity Fund (FGTS).

Copel clarified that, after the dismissal, maintenance for 12 months of the payment of the monthly subsidy related to the monthly fee of the health plan and food allowance will be granted.

“The PDV is limited to the budget of BRL 300 million in indemnities, without considering the amount of the FGTS fine and the subsidy for a year of health plan and food stamps, and the selection criterion for the effectiveness of the adhesions will be the ranking descending of the sum of age and time with the company until reaching the financial limit”, clarified the statement.

In case the adhesions to the PDV exceed the limit stipulated by Copel, the situation will be evaluated according to the feasibility of increasing the resources. Membership must be made from August 28th to September 15th. Membership will be effective after October 6th. “The termination should take place within 12 months from the effective date of the transformation of Copel into a Corporation on August 11th”.