Cpfl Energy layoffs, on the record
Every job cut, severance charge and restructuring Cpfl Energy reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 13,344 to 13,302.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2017 | 13,344 | December 31, 2017 |
| 20-F for 2018 | 13,467 | December 31, 2018 |
| 20-F for 2019 | 13,302 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryThe filing describes a corporate restructuring of CEEE handled through a 2001 lawsuit, which is a past event and not a workforce reduction.
Word for word“RGE is a defendant in a declaratory action of administrative impropriety filed by the state of Rio Grande do Sul and CEEE on February 22, 2001 discussing CEEE’s corporate restructuring process for subsequent privatization, including the MME, the President of CEEE, the Financial Director of CEEE, the Administrative Director of Companhia Centro-Oeste de Distribuição de Energia Elétrica – CCODEE (RGE) and Companhia Norte-Nordeste de Distribuição de Energia Elétrica – CNNDEE (RGE Sul) and the accountants who signed the appraisal report.” 20-F for 2018
Our summaryThe board authorized integrating CPFL Renováveis into the company's administrative structure, including plans to restructure and improve its operations.
Word for word“On May 21, 2019, our board of directors authorized the beginning of CPFL Renováveis’ integration into our administrative structure.” 20-F for 2019
Our summaryThe executive officers approved folding CPFL Renováveis' administrative structure into the company's organizational model to optimize operations and gain efficiency.
Word for word“On July 1, 2019, following the authorization from our board of directors, our board of executive officers approved the integration of CPFL Renováveis’ administrative structure into our organizational model to optimize operations and gain efficiency.” 20-F for 2019
Our summaryThe company approved a partial spin-off of Nect into separate business segments, merging the spun-off parts into three new companies to improve service quality.
Word for word“On September 30, 2019, the partial spin-off of Nect Serviços Administrativos de Infraestrutura Ltda. - “CPFL Infra” (formerly Nect Serviços Administrativos Ltda.) into four specific business segments (Supplies, Human Resources, Financial Services and Infrastructure) was approved, together with the merger of the spun-off portion into the three new companies; namely, CPFL Supre, CPFL Finanças and CPFL Pessoas.” 20-F for 2019
Our summaryThe board restructured its committees, winding up the ad hoc commissions and changing the committee structure.
Word for word“These ad hoc commissions remained in place throughout 2017 and 2018, until June 2019, when a restructuring occurred that wound up the commissions and altered the committees’ structure.” 20-F for 2019
Cpfl Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Cpfl Energy’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-04-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.