ECONOMY

OTE seeking to change permanent job status

As negotiations between OTE telecom and its workers continue for 2010-2011 pay hikes, the Greek phone company has laid on the negotiating table the likelihood of banning the permanent work status enjoyed by its employees. The company is seeking approval from the union to change company regulations that would allow for reductions in staff numbers if justified by «technical and financial reasons.» Sources said that the change in law will allow OTE to move ahead with the limited job cuts that would arise from the merging of departments. Workers have denied the request but talks with the company will continue, as management has also put forth a series of other issues which include reducing sick leave and cutting the amount of overtime offered to workers.