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MARKET ANNOUNCEMENT |
CENTRAIS ELETRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) hereby informs its shareholders and the market in general that, was launched today, May 23, 2017, by the subsidiary CGTEE – Companhia de Geração Térmica de Energia Elétrica, the Extraordinary Voluntary Dismissal Plan ("PDVE") that is specifically aimed to the employees of above-mentioned subsidiary.
CGTEE is under the process of ending the activities of phases A - scheduled for December 2017 - and B - already shut down in February - of the Candiota plant, remaining in operation only the phase C.
It consists in a voluntary program and may be held until June 2nd. The dismissals are expected to occur between June 2017 and January 2018, as CGTEE plans better.
The plan is a part in the guidelines of the PDNG 2017-2021, aiming the reduction of costs to seek operational excellence, but it is extraordinary for the CGTEE and does not affect the employees eligible to PAE - Extraordinary Retirement Plan, object of the Market announcement of May 22, 2017.
In this context, is undergoing at CGTEE a process of merging Departaments, organizational restructuring, reducing the number of gratified functions, revising contracts and outsourced activities, as well as a change in procurement policies, with the integration of the company to the Eletrobras Shared Services Center, whose implementation is in progress.
Rio de Janeiro, May 23, 2017.
Armando Casado de Araujo
CFO and Investor Relations Officer
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Armando Casado de Araujo
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Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.