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Troika Wants 18,000 Dismissals in Banks

troika bank dismissalsThe administrations of major Greek banks are prompted by the heads of the Troika to proceed to a dramatic shrinkage of the staff serving in the Greek banking sector.
As it was revealed on July 22 by the Greek newspaper Proto Thema, Poul Thomsen, Matthias Mors and Klaus Masuch have requested to launch, after the completion of the recapitalization, the required actions in order to achieve a reduction of the personnel in the Greek banks by 25%-30%.
This means dismissals, either directly either through voluntary retirement schemes, which will reach the number of 18,000 employees out of the total of 60,000 people working in the Greek banking sector.
The administrations of the Greek banks are requested to achieve this goal within the next two years. Michalis Sallas’ Piraeus Bank has already announced a voluntary retirement scheme, in order to reduce its staff by 10%.

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