2015 | Advice on the implementation of restructuring program

CLIENT:

Major organisation in the tobacco industry

 

PRACTICE:

Corporate Employment & Labour Law

 

PARTNER WHO LED THE ADVICE:

Theodore Pistiolis

We advised our client in terms of implementing a restructuring program regarding the redundancy termination packages provided to employees. We implemented a new business practice which reduced the cost of redundancy packages. The total saving for the company is estimated to be 2.000.000 Euros within the next three years.