Port workers hold stoppage to protest sell-offs

Workers at Greek ports will stage a work stoppage between 11 a.m. and 3 p.m. on Tuesday to protest the government?s privatization plans.

Rallies will also be held in Piraeus and Thessaloniki. Employees of the Piraeus Port Authority (OLP) will march to the Marine Affairs Minsitry.

The government is looking at selling its entire holdings in OLP and Thessaloniki Port Authority (OLTH) by the end of the year and will seek buyers for between 43 percent and 66 percent of other ports in which it has stakes in 2012 and 2013, the Finance Ministry said earlier this month.

OLP reported a first-quarter net loss of 2.9 million euros, compared with a profit a year earlier, as sales slipped 33 percent.

?The total sell-off of all profitable public companies is an incomprehensible and criminal political act,? the Union of Port Workers said in an statement when the sell-off plans were announced.

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