Saturday February 28, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Amendments to PPC sell-off bill set price and secure jobs

Environment and Energy Minister Yiannis Maniatis in Parliament on Thursday.

Environment and Energy Minister Yiannis Maniatis on Thursday submitted a series of amendments to a controversial bill for the part-privatization of the Public Power Corporation – setting a minimum price and guaranteeing workers’ jobs for five years – ahead of a vote on the draft legislation that is expected to take place in Parliament next Wednesday.

The minimum price of the PPC subsidiary, which would account for about 30 percent of the utility’s production, will be 1.5 billion euros, Maniatis told Parliament, noting that the calculation was based on PPC’s assets.

One of the amendments guarantees that PPC staff will keep their jobs for at least five years. Another provision commits the new company to fully compensating residents of settlements that must be relocated due to its activities.

Another amendment notes that the spinoff company – dubbed the “small PPC” – will assume the responsibilities the utility has held to date as regards employees’ social security rights.

What remains unclear is whether any action will be taken to plug a deficit worth several hundred million euros in the PPC workers’ pension fund.

The bill is being discussed at the committee level and is to go to the House on Tuesday for debate ahead of a vote on Wednesday.

ekathimerini.com , Thursday Jul 3, 2014 (21:12)  
Alleged accomplices of N17´s Xeros caught in Athens
Hellas Gold and workers react to Greek gov´t decision on plan permit
Greek ministry says teacher hirings to continue via ASEP
Women conned elderly Cretans by posing as church representatives
Greece seeks negotiations on ECB bond repayment
Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to inte...
Piraeus plans are coming in next few weeks
Finance Minister Yanis Varoufakis on Friday visited the installations of Piraeus Container Terminal (PCT), the local subsidiary of Cosco, with Chinese Ambassador Zou Xiaoli, in another effor...
Inside Business
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Alleged accomplices of N17´s Xeros caught in Athens
2. Hellas Gold and workers react to Greek gov´t decision on plan permit
3. Greek ministry says teacher hirings to continue via ASEP
4. Women conned elderly Cretans by posing as church representatives
5. Spain, Portugal sought to trip up gov’t, Tsipras says
6. Police nab Kavala man over homegrown cannabis
more news
Today
This Week
1. Greece seeks negotiations on ECB bond repayment
2. A unionist agenda
3. Greek ministry says teacher hirings to continue via ASEP
4. Hellas Gold and workers react to Greek gov't decision on plan permit
5. Women conned elderly Cretans by posing as church representatives
6. At least three GD MPs to be released ahead of trial
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. Greece says eurozone deal won time as cash bled from banks
4. The ignorance of the West about the culture of Islam
5. A fierce battle looms
6. Spain said to lead push to hold Greece to terms as Podemos grows
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.