The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hellenic Telecommunications Organization (OTE) announced a voluntary redundancy plan for 1,100 employees.
According to media reports, the restructuring plan will concern employees close to retirement, those with 25 years of employment at OTE and also specific job categories (lawyers and cleaners).
As reported, the cost-saving plan is aimed to increase competitiveness.
For information on the most recent restructuring see OTE-2012.
Updated, 07-01-2014: As reported, 1,827 staff participated in the voluntary redundancy programme. OTE also announced plans to hire 500 new staff in 2014. The company also refers to the creation of 500 new jobs in 2013.
Sources
7 January 2014: OTE (Press release)
14 November 2013: Skai
14 November 2013: OTE (Press release)
Citation
Eurofound (2013), Hellenic Telecommunications Organization (OTE), Internal restructuring in Greece, factsheet number 76179, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76179.
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