BUSINESS

OTE to launch voluntary exit programs for 1,400 employees

VANGELIS MANDRAVELIS

TAGS: Business

While talks between the management and the unionists at OTE are resuming on Thursday, aiming at the signing of a new collective labor contract, it appears the Deutsche Telekom-owned group is entering a fresh period of shrinking both its staff and its operation costs.

Sources say the telecommunication giant is planning two voluntary redundancy programs for this year: The first will take place next month and concern 400 workers, followed by a second in the fall, concerning some 1,000 employees that have worked for many years but are not yet close to retiring.

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