Papastratos said yesterday that it would apportion among its workers €1 million in shares in its parent company Philip Morris International, according to a story by Nick Kampouris for The Greek Reporter.
In a statement, Papastratos said it was rewarding its workers for their exceptional performance last year, which had resulted in what was reported as ‘large profits’.
Papastratos noted also that its workers had helped to transform its manufacturing unit into an exclusive production center for IQOS products.
All workers, regardless of their positions, wages or lengths of service, will receive shares worth more than €1,000. Board members will abstain from the share-out, offering their own entitlements to company workers.
Papastratos, which was named Greece’s top employer for 2017, was said by Kampouris to be well-known in Greece for its exceptional relationship with its workers, who often received extra bonuses, benefits and other perks.