The board of the new Hellenic Postbank (TT), following its split into a “good” and a “bad” bank, has reached an agreement with the union of its employees that will cut the risk of mass layoffs.
TT announced that negotiations between the two sides led to an agreement on the reduction of total salary costs by 30 percent. “The implementation of this action will use the sector contract of the Federation of Bank Employee Unions of Greece (OTOE) and will ensure that employees with low salaries will be protected,” the statement read.
The bank will also set up a voluntary exit program, whose result will formulate the final change in salary costs. Sources say that the program will aim at the departure of about 600 employees. TT currently employs some 2,400 people.
Another 800 are employed by T Bank (formerly known as Aspis Bank), which is under TT’s control. The agreement is said to have secured all jobs and that the new TT, which is now under the control of the Hellenic Financial Stability Fund (HFSF), will hire all T Bank employees.
Preparations for a Greek-Israeli high-level ministerial council will be at the center of Foreign Minister Dimitris Avramopoulos’s visit to Israel next week. Avramopoulos is due to arrive in ...
Two taxi drivers were behind three armed robberies on Athens pharmacies on Friday morning, which led to them trading fire with the police and, finally, their arrest.
The suspects, aged 42 an...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
The dramatic appeal for a national mobilization in the face of a heightened threat of devastating forest fires this summer, which Public Order Minister Nikos Dendias voiced in Parliament on ...
The danger of wildfires breaking out across the country in the summer period is just as high this year just as it has been every other year before.
But, the tools and infrastructure availabl...
