CFO of Serbian state-owned power utility EPS Tatjana Pavlovic said in an interview that utility has undergone several organizational changes and currently it operates through two companies – EPS and EPS Snabdevanje and, in accordance with the agreement with the International Monetary Fund (IMF), it plans to layoff a total of over 5,000 employees by the end of 2019.
Pavlovic said that the company is currently working on a program for incentives for laid off employees. The criteria should be identical as last year, but negotiation with the World Bank on implementing some new criteria are ongoing. Thus, the number of employees would be reduced by more than 5,000 by the end of 2019, as it was defined in the program for financial consolidation of the company.
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