2011 | We advised in a major labour cost cutting project

CLIENT:
A major multinational Telecommunications Systems vendor operating in Europe, Middle East & Africa.

PRACTICE:
Corporate Employment & Labour Law

PARTNER WHO LED THE ADVICE:
Theodore Pistiolis

Acting as legal advisors to our clients we structured and implemented a major labour cost cutting project in over than one thousand five hundred employees. In accordance to the legal framework we provided to our clients a flexible, direct and efficient plan which by passed significant job losses and exploited different but equal efficient alternatives. As a consequence to the implementation of our project we represented the Company to the administrative authorities to support the labour cost cutting plan according to the legislation. Due to this cost cutting programme we managed to save approximately 2.000.000 (two million) euros.