ECONOMY

ELPE strike not affecting production

Hellenic Petroleum (ELPE), Greece?s largest refiner, said production isn?t affected by a workers? strike that began on Sunday.

?Production has not been really affected,? the company told Bloomberg on Tuesday. The ?industrial action started on Sunday and is scheduled for 10 days.?

Workers at ELPE, who rank among the best paid employees in the country, have called strike action over a proposal by management to introduce productivity assessments.

ELPE workers receive 17.5 monthly salaries per year as opposed to the 14 specified by Greek law.

According to data presented by an ELPE company official to Kathimerini, ELPE workers have been receiving better pay than peers in Germany, Belgium, Holland and Italy in the past decade.

However, their productivity is between 30 to 60 percent lower than that seen among their peers in other European countries.