EMCC European Monitoring Centre on Change

Hellenic Telecommunications Organization (OTE)

Hellenic Telecommunications Organization (OTE)

Geographic Location

Country: Greece


Sector: Information / communication
61 - Telecommunications
Number Employed: 10500
Group: Hellenic Telecommunications Organization (OTE)

Employment Effects

Announcement Date: 14-11-2013
Planned Job Reductions min: 1827
Type of Restructuring: Internal restructuring
Employment Effect Start: 30-11-2013
Foreseen End Date: 31-12-2014
Planned Job Creation: 500
Other Job Reduction Measures: 1827

Additional Information

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.