McKinsey & Company

CEO confirms PPC will cut expenses

Public Power Corporation chief executive Manolis Panagiotakis referred on Thursday to the prospect of a considerable reduction in the utility's operating costs as well as extensive changes in its organization and function after the completion of its new business plan currently being drafted by consultant McKinsey & Company.

Automation Threatens 800 Million Jobs, but Technology Could Still Save us, Says Report

TheVerge - A new report predicts that by 2030, as many as 800 million jobs could be lost worldwide to automation. The study, compiled by the McKinsey Global Institute, says that advances in AI and robotics will have a drastic effect on everyday working lives, comparable to the shift away from agricultural societies during the Industrial Revolution.

PPC list of units for sale leaves out key assets

The sale of the lignite-powered plants of Public Power Corporation (PPC) is evolving into a tug-of-war between the government and potential investors, with the European Commission acting as referee. This battle is set to last until at least early this fall when the market test begins, with all sides showing their hand.

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