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Gov't urges listed state-controlled enterprises to adopt cost-cutting measures

Δημοσίευση 23 Δεκεμβρίου 2010, 12:33 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Gov't urges listed state-controlled enterprises to adopt cost-cutting measures
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The Greek government on Wednesday urged listed state-controlled enterprises and their affiliates to harmonise their payroll costs with a wider cost-cutting programme adopted by the government in the wider public sector.

The Greek government on Wednesday urged listed state-controlled enterprises and their affiliates to harmonise their payroll costs with a wider cost-cutting programme adopted by the government in the wider public sector.

In a letter sent to the managements of listed state-controlled enterprises, Finance Minister George Papaconstantinou said listed public enterprises must participate in a payroll cost-cutting programme during the ongoing and crucial fiscal conjecture, doing their part to help the recovery of the Greek economy.

In the letter, the finance minister underlined that the state would use its rights as a major shareholder to ensure the implementation of this cost-cutting effort.