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Exact(13)
It also slashed pensions there.
Hunger, unemployment, slashed pensions and ruined businesses are rife in Athens.
After coming to power in 2008, he cut public spending by 30%, slashed pensions by 11% and even took a pay cut of 45% himself.
But Mr. Papandreou, who has slashed pensions and wages as part of an austerity plan, referred repeatedly to billions of dollars that banks and corporations had stashed away in offshore tax havens.
JAL's offering caps two years of intense reorganization that eliminated 21,000 jobs, or about a third of the airline's work force; cut pilots' salaries by 30 percent; slashed pensions; and retired the company's prized jumbo jets.
Since 2010, the government has raised taxes and slashed pensions and state salaries across the board, in an effort to rein in the bloated public sector that today employs one in five Greeks.
Similar(47)
At the time, Ineos' plans to cut costs for the refinery, Scotland's largest, included a pay freeze and slashed pension provisions.
Health benefits have been slashed, pension contributions from employers dramatically cut, wages dropped or "frozen".
Even after this rescue, Japan Airlines had to slash pensions by 30% as part of a restructuring plan a huge blow to pensioners' standard of living.Where Japan has led, other ageing economies may follow.
Greece has taken immense pain in reducing the state payroll – cutting jobs and slashing pensions.
The Met management also wanted to slash pensions and health care benefits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com