ECONOMY

TT workers protest sale

Employees of Hellenic Postbank (TT) marched in the center of Athens after walking off the job on Monday in protest at government plans to reduce its holding in the lender.

The employees gathered at the bank?s head offices on Pesmazoglou Street before marching to the Finance Ministry and Syntagma Square. Greece, which intends to sell up to 44 percent of TT, is under growing pressure to speed up its privatization program aimed at raising 50 billion euros that will go toward paying down public debt.

The employees plan to continue their protest action on Tuesday, holding a second 24-hour strike.

The government?s planned state asset sell-off agenda also includes selling stakes in OTE telecom.

About 300 OTE employees blocked Triti Septemvriou Street in central Athens on Monday to protest the planned sale of a stake in the company. Other companies that will go under the hammer include power company PPC and the Thessaloniki Water Company (EYATH).