ECONOMY

OTE to launch voluntary exit programs for 1,400 employees

ote-to-launch-voluntary-exit-programs-for-1-400-employees

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.