GR: OTE announced a special employee exit program
Hellenic Telecommunications Organization SA announces that it has reached an agreement with the unions, regarding an employee exit program with incentives. Under this program, employees, who are eligible to retire, will get exit bonuses up to 25,000. Approximately 250 OTE employees are eligible for this employee exit program, in accordance with the time of service recognition that a recent regulation allows for.
It should be noted that OTE has been implementing similar employee exit programs with financial incentives since 1996 and that they are not related to the voluntary retirement plan that was implemented during the period 2005-2006.
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