NEWS

Athens transport strikes come with hefty price tags

TAGS: Strike, Transport

As commuters in Athens brace for more strikes by fixed-rail transportation staff, STASY, the company that manages the Greek capital’s metro, ISAP electric railway and tram, finds itself losing precious funds because of walkouts.

According to figures from STASY’s 2016 budget, a 24-hour strike by its workers costs the company a total of 652,221 euros. Of that, 418,888 euros represents losses from revenues (according to first-quarter data) while the remainder accounts for wages that are paid to striking employees.

On Tuesday, there will be no tram or metro from noon to 4 p.m. On Thursday, Saturday and December 2, ISAP will halt services from 9 p.m. onward, while also holding a stoppage next Monday from the start of the day to 10 a.m. and next Wednesday from noon to 4 p.m.

According to STASY, a four-hour walkout costs the company 130,444 euros and a one-hour stoppage comes with a price tag of 32,611 euros.

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