Atria Energía S.A.C.

Employee layoffs following global restructuring plan within energy company. Estudio Olaechea advised Atria Energía on the dismissal of employees in Peru. This decision was made in the first months of 2024 during the restructuring carried out by the client due to new objectives set at an international level. Termination process designed to reduce negative impact: Our counsel included the strategy on how to conduct the termination process to prevent a negative impact on the affected employees, according to the client’s corporate culture. We reviewed all the necessary documents to carry out the meetings with the employees, prepared the speech for negotiations, and participated in the meetings. Favourable results without labour contingencies for all parties: The case is important and unique due to the entire process being carried out according to the reorganisation plan. The dismissals were concluded without labour contingencies and with a favourable result for the employees involved in the measure. Key player in Latin American energy sector: Atria is a company specialising in the energy sector which carries out various electrical infrastructure projects, renewable energy projects, and other related matters in the sector. Atria has a strong presence and commercial operations in Chile, Brazil, Mexico, and Spain. Latest development: The case is closed, and no further employment implications have been reported.

Matter value – include currency and amount in figures :

Atria Energia’s net sales in 2023: USD 1.94 billion

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

No

Lead partner :

Lucianna Polar

Other team members :

Johana Delgado; Natalia Orrego

Other firms advising on the matter and their role(s) :

N/A

Date of completion or current status :

April 2024