Piraeus Port Authority S.A. announced the signing of a new Collective Labor Agreement with the employees’ representatives of PPA personnel, in accordance with the provisions of Law 1876/1990, and after long negotiations with Labor Unions and PPA Management.
“The new collective labor agreement in conjunction with the new General Staff Regulations ensure the remuneration and working conditions for all employees, contributing positively to the transition of PPA to a new era of growth and prosperity,” stressed CEO of PPA SA, Capt. Fu Chengqiu.
The validity of the new collective agreements is for two years.
In June 2017, the Cosco-managed Piraeus Port signed a Memorandum of Understanding with Shanghai International Port Group, the biggest commercial port of the world, exploring cooperation in project studies, staff training, information exchange, technical assistance, etc., to pursue development of synergies that will improve trade and create new business opportunities.
Chinese giant Cosco acquired 51% stake at the port in mid-2016.
