New corporate supplementary agreement

Nov 14 1996
Nov 14 1996

On 14 November, the new corporate supplementary agreement is signed. The Agreement provides for extra work to be used as an alternative to overtime. The extra working hours are made up for by enjoying permits of an equivalent number of hours. Moreover, consistent with the provisions of the legislation on advances of employees’ severance indemnities, the possibility is established of paying out the provisions thereof to the concerned parties under the legal conditions in force. In addition to the above, workers can apply for advances within the maximum limit of 70% of gross salary accrued only once during the course of the employment relationship.