Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Electrobras"


2 mentions found


Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.
Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, , Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato
SAO PAULO, Oct 28 (Reuters) - Brazil's electricity company Eletrobras (ELET6.SA) offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move following its privatization. Centrais Eletricas Brasileiras SA, as the company is formally known, said the voluntary layoff program will apply to 2,312 employees and will cost up to 1 billion reais ($189 million). At the end of June, the firm had 10,508 workers. In a securities filing, Eletrobras said the program is a measure to streamline its costs and expenses and it expects to recoup the money it spends in around 11 months. ($1 = 5.2949 reais)Reporting by Peter Frontini, Editing by Sarah Morland and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Total: 2