Pages

Monday, October 6, 2014

Greece's Alpha Bank sheds 21 percent of staff via voluntary exit plan

ATHENS (Reuters) - Greece's fourth-biggest lender Alpha Bank said on Monday that about 21 percent of its 10,000 employees took up a voluntary redundancy offer the bank launched last month as part of moves to cut costs. Alpha had aimed to cut about 15 to 20 percent of its workforce to squeeze its cost base under a restructuring plan approved by the EU Commission. The scheme expired on Sept. 30 ...


READ THE ORIGINAL POST AT news.yahoo.com