Barilla Hellas Opposes Wage Cuts

Barilla Hellas on Tuesday categorically dismissed recent press reports in the Greek press that apparently alleged that its chief executive asked for further wage cuts in Greece. In a statement released by the company, Barillas Hellas said:

   "The company states that it has never expressed views related with wage cuts in Greece and categorically declares that it was fully opposed to such views". Barillas Hellas said it officially disagreed with any recommendation or action towards wage cuts and said that such a measure was counterproductive in an effort to boost growth, while it raised hurdles in safeguarding prosperity and living quality in Greece.

The company added that it has not cut wages, but it continues to operate under existing sector labor contracts and has scheduled investments totaling 5.0 million Euros aimed at boosting its activity and cooperation with its workforce of more than 200 and thousands of Greek wheat producers.