Thessaly Cooperative Bank
Corporate Employment & Labour Law
PARTNERS WHO LED THE ADVICE:
Acting as legal advisors to the Thessaly Cooperative Bank we provided consulting on a dispute between the bank and the employment Union in respect to the applicable Collective Labour Agreement, which has provided to the Bank the option to reduce labour cost up to 20% on an annual base.
We also successfully represented the bank before the competent Court against the employment union in a litigation of personal data and company’s undisclosed information protection. The estimated cost saving reached the amount of euros in a yearly basis. The estimated cost saving is estimated to reach the amount of 2.000.000 euros in a yearly basis.