DEI turns off the lights for 24 hours on Tuesday – action against privatization

This reaction to the government’s decision to continue the privatization of the State Electricity Company was forced, according to the DEI management.

ΓΕΝΟΠ announced a 24-hour strike on Tuesday, the day when the general meeting of shareholders will be held to approve the decision to raise capital and sell 49% of shares in ΔΕΔΔΗΕ (State Electricity Management Company).
GENOP President Georgios Adamidis said the capital increase could be beneficial for the company, but would be disastrous for the state and consumers. For employees, a drop below 51% means “a return to the old pay regime.”

The President of GENOP stressed that the positive development of events in the beginning does not negate the fact that deregulation of labor relations will then occur, especially in two years, when the current Collective Agreement expires. He announced in advance that a new payroll would be drawn up, which would include both old and new employees who would henceforth be hired.

The decision of the government not to participate in the increase in the share capital of DEI will entail a decrease in the state’s share from 51% to 34%, a percentage that retains the right to vote in decisions, which, however, will be taken by individual shareholders.

Market representatives supported the GENOP and at yesterday’s joint press conference called for public participation in the equity capital increase to maintain existing share.





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