HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.
The new Agreement has established new salary grades for new recruits, with entry
salary now at €7551, significantly higher than current market standards.
For the personnel working at OTE SA today and for the next three years, the new Collective
Agreement:
Safeguards employment, as the company will not proceed with dismissals on financial or operational grounds.
Maintains the average 11% reduction in salary grades introduced by the previous labor agreement compared to the salaries of 2011 as well as the reduced working hours at 35 per week.
In addition, the agreement stipulates that the majority of OTEPLUS employees will be transferred to OTE, under the new salary grades, plus additional benefits that increase their income.
OTEPLUS employees working in call centers will be transferred to another Group subsidiary, with labor contracts of an indefinite duration.
Finally, it has been agreed that a series of subsidies and benefits will be rationalized in the framework of the company's transformation aiming at further reinforcing its competitive position.
OTE Chairman and CEO, Mr Michael Tsamaz, stated: "Today, OTE management and employees signed another innovative agreement. Amidst the ongoing challenging conditions in Greece, this agreement is shaping new standards for OTE as well as the market; it continues to secure jobs for our people, while the new salary grades increases the income of young people with lower salaries. It creates the necessary conditions for us to become more flexible, remain competitive and continue our investments for our customers, shareholders, and country".
Τel. +0030 210-611-1574
Fax: +0030 210-6111030
E-mail: esarsentis@ote.gr
MEDIA OFFICE OTE
CORPORATE COMMUNICATIONS DEPARTMENT
Tel. +30 210-6117434
Fax. +30 210-6115825
E-mail: media-office@ote.gr
1 Secondary education category, full-time employment
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