Hellenic Post (ELTA)

Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53 - Postal and courier activities
2,000 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2021
Employment effect (start)
1 February 2021
Foreseen end date
19 February 2021

Description

The national postal service (ELTA S.A.) has announced a new plan of voluntary redundancies on 29th January 2021. The programme concerns employees over 41 years old having at least15 years of experience in the organization. Applications started from February 1 and will finish on February 19, 2021. It targets the exit of 2000 employees of the company and is intended to reduce operating costs. The programme foresees the payment of salaries equivalent to 2 to 3.5 years depending on the age of the person concerned and the years of experience in the organization. By February 4  2021, according to reports, 826 employees had made requests for voluntary redundancy.

Sources

Citation

Eurofound (2021), Hellenic Post (ELTA), Internal restructuring in Greece, factsheet number 103525, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103525.