OTE cutting 2,000 staff, report says

25 Apr 2012

Greece’s incumbent PSTN operator Hellenic Telecommunications Organisation (OTE) is planning to reduce its workforce by around 2,000 staff via a voluntary redundancy programme, according to an unsourced report by Greek newspaper Imerisia, cited by Reuters. The report claims that the proposed measure would reduce the Deutsche Telekom-backed company’s operating costs by approximately EUR150 million (USD197 million) over the next three years, while the majority of employees targeted would be near to retirement age.

Greece, Cosmote