Regarding PPC payroll as mentioned in press articles, PPC clarifies the following:
- P&L payroll, including employer’s contributions, was reduced from € 1,492.1 mln in 2009, to € 880.3 mln in 2015. As a percentage of total revenues the corresponding figures are 24.7% and 15.3%, respectively.
- The amount of total payroll cost, including capitalized payroll cost and employer’s contributions, declined from € 1,703 mln in 2009 to € 970 mln in 2015, that is a reduction by 43%.
- From 2010 onwards, PPC employees do not receive 13th and 14th salary (as Christmas, Easter and Holiday allowances) but the allowances stated in Law 3845/2010, under the preconditions stated in this Law.
- The granting of shift surcharges and other to elected labor union representatives is implemented, in accordance to judicial decisions, following recourses of the interested parties.
Athens, February 2, 2017