Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Hellenic Telecom, Labor Unions Agree on Terms of Wage Pact

Hellenic Telecommunications Organization SA and worker unions today agreed on terms for a new collective wage accord, the OME-OTE labor group said.

The main provisions include a reduction in the work week to 35 hours from 40 with a corresponding wage cut of a weighted average of 11 percent over the next three years, Athens-based OME-OTE said in an e-mailed statement.

The agreement is about “ensuring job security” and the company won’t cut wages for any “external reasons” for the duration of the agreement, OME-OTE said.

The accord specifies a return to existing wage levels and work schedules by Jan. 1, 2015, the labor group added. Hellenic Telecom started meeting with labor groups in July to discuss ways to reduce payroll costs.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.