OSY

Type
Internal restructuring
Country
Greece
Region
Attiki; Attiki;
Location of affected unit(s)
Sector
Public Administration / Defence
84 - Public administration and defence; compulsory social security
84.1 - Administration of the State and the economic, social and environmental policies of the community
84.11 - General public administration activities
112 jobs
Number of planned job losses
Job loss
Announcement Date
30 April 2014
Employment effect (start)
1 April 2014
Foreseen end date
31 May 2014

Description

Odikes Sygkoinonies (OSY), the main Greek operator of thermal and trolley buses in the metropolitan area of Athens, announced 112 job cuts.

According to various media sources, OSY announced the dismissals of 112 employees such as bus drivers, guards, etc. The dismissals will take place between April 1st and May 31st  2014. The reason behind this decision is, according to the media, the false or forged educational certificates that these employees had provided to the company. From 1st of April, 77 dismissals and 12 resignations have taken place. An additional 35 employees will be dismissed before the 31st of May.

The company ODIKES SYGKOINONIES SA (“OSY”) resulted from the merging of ETHEL SA and ILPAP SA. OSY S.A. is a subsidiary company of OASA and operates transport services provided by trolley buses in the metropolitan area of Athens. The company employs 6183 people.

Sources

  • 30 April 2014: To Vima
  • 30 April 2014: Ta nea

Citation

Eurofound (2014), OSY, Internal restructuring in Greece, factsheet number 77000, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77000.