Emergency financial assistance to cover part of the needs caused by historically high inflation is provided, among other things, by the operating contract for 2022-2024, signed by the management of Piraeus Bank and the association of bank employees. In particular, financial assistance consists of:

– 360 euros for employees with annual gross earnings up to 22,400 euros.

– EUR 240 for employees with annual gross earnings between EUR 22,400.01 and EUR 26,600.

– EUR 150 for employees with annual gross earnings between EUR 26,600.01 and EUR 30,000.

The financial assistance will be paid next September in the form of a net amount in the form of purchase orders and concerns about 80% of the bank’s employees. As part of the operating contract, it was also agreed that within six months a special agreement for remote work would be drawn up in accordance with the terms of the SSE Branch of OTOE-Bank. According to the SETP statement, “The new operating contract protects employment (employment clauses, training mechanisms), ensures and maintains labor rights (codification of all previous collective agreements), adds benefits and increases the income of workers (refusal to compensate for the increase, increase and institutionalization of new allowances and allowances guaranteeing the health benefits of the former TAUTECO, benefits for the family)” and “meets most of the requirements put forward by SETP at the beginning of negotiations with the administration.” In particular, it was agreed that the bank reaffirms its will to protect the employment of employees, while taking reasonable, given the circumstances, measures to prevent layoffs for economic and technical reasons. In addition, the bank undertakes to take care of the timely training and training of its employees in new and advanced skills, paying special attention to employees in positions that, due to technological development, are predicted to be abolished or differentiated by subject.

It also provides:

– Non-deductible and actual payment of increases as a result of an increase in benefits under an industry contract for those employees who receive up to 110 euros per month in higher wages.

– Additional benefit for employees with special roles of €200 for 2022 and €200 for 2023.

– Increase in wages for employees of the former General Bank with the elimination of the negative difference.

– Reducing the interest rate on payday loans by 0.25%, increasing benefits and allowances paid.

— Providing health benefits with the money of the former TAUTEKO.

– Continuation of the work of the Sectors A and B Professional Insurance Fund in order to provide an opportunity for long-term additional savings and coverage of health insurance needs.