Nationwide strike…
Emporiki Bank said yesterday a nationwide strike by its employees against its proposed overhaul of their social insurance status met with limited success. Participation was estimated at 37 percent, but the union said it was around 75-77 percent. Emporiki’s auxiliary pension fund has a sizeable actuarial debt, which will have to be booked against the bank’s equity capital with the introduction of international accounting standards next year.
