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HB: Early retirement scheme

20/11/2015 16:36
Hellenic bank has announced today an early retirement scheme of a voluntary nature.

According to the announcement the scheme is addressed to permanent personnel and provides for a lump sum amount as compensation.

The compensation will be determined on the basis of the gross salary before any deductions and on the duration of service.

The maximum amount that will be paid to an employee with a 30-year service is equivalent to salaries of two years.

According to the scheme, the compensation will take into account the termination of service and loss of career of each member of the staff who opts to accept the scheme.

The scheme was decided in the context of the reorganization of the bank's business model.

"The Hellenic bank regroups and follows a new course aiming at the achievement of its strategic objectives and at being maintained as a strong pillar for the economy's recovery" the announcement concludes.

ETYK: Scheme at a voluntary basis

The banking union ETYK in a circular to its members of the Hellenic bank after mentioning that it has been informed accordingly from the employer on November 13, confirms that it has secured the bank's commitment both in writing and verbally through its CEO, that the participation of its members will be on a voluntary basis and no pressure will be exerted on them for its acceptance.

ETYK states that it studied the plan and made proposals aiming at rendering it as fair as possible noting that the bank decided to adopt only a small part of those proposals despite the fact that if all of the proposals were adopted, they believe the outcome would be much more beneficial both for the employees and the bank itself.