Termination of employment

Greece has EU’s 2nd lowest working rate in 55-64 age group

Just four in every 10 Greeks (41.1 percent) aged from 55 to 64 years are active in the labor market, with the employment rate of men and women in this age group being the second lowest in the European Union, behind Luxembourg, according to statistics for 2018 released on Monday by Eurostat.

Bank Employee from Central Bulgaria Arrested for Embezzlement of nearly 400 000 Levs

A bank employee from Nova Zagora was arrested for embezzlement of nearly 400 000 leva of the customers' money. The exact amount of stolen funds is still being clarified. The offense has been committed for a long time so that the deviant amounts are not detected.

Bank of Cyprus plans voluntary layoffs in 2019

Voluntary layoffs are reportedly expected next year with most credit institutions effecting a reduction in their employee numbers. The first large voluntary exit program, according to Kathimerini, is expected to be implemented by Bank of Cyprus, although guidelines and provisions for the layoffs have not been finalized yet.