Greece: Olympic Airlines workers protest sale plan

ATHENS, Greece (AP) -- Hundreds of workers at Greece's debt-ridden Olympic Airlines have held a protest in Athens against government plans to privatize the carrier.

An estimated 500 people took part in the protest at the transport ministry.

This month, the EU approved Greece's plan to break up and fully privatize Olympic by the end of 2009, transferring most of its 8,100 staff to public sector jobs. The company will keep its name and logo.

But the EU said Olympic must pay back state subsidies worth 850 million euros ($1.22 billion).

Employee unions oppose the plan, and have staged a series of protests.

The company has accumulated total losses of around 2.7 billion euros ($3.87 billion).

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 29936989 - local8now.com/a?a=29936989