Internal restructuring
Location of affected unit(s)
Information / Communication
Information Communication Services
61 - Telecommunications

670 - 700 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2006
Employment effect (start)
9 October 2006
Foreseen end date
31 May 2007


In May 2005, the management of Greece's OTE telecommunications group signed a controversial enterprise-level collective agreement with the OME-OTE trade union. The deal provides a change in the status of OTE employees. New recruits will no longer enjoy a special permanent status and instead they will be employed on the basis of normal employment law. Simultaneously, at the end of June the parliament passed legislation on a voluntary exit scheme for OTE staff, laying down the terms and conditions for the early retirement of a large number of employees. According to a rough estimate, the number of such employees, aged 49 and over, is around 6,200. In late October 2006 a new voluntary exit scheme affecting some 700 employees was announced.


  • 12 October 2006: Isotimia


Eurofound (2006), Hellenic Telecommunication Organizattion (OTE), Internal restructuring in Greece, factsheet number 64430, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64430.