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ECB to Hire 40 Additional Staff to Ease Crisis Workload

Tuesday, August 21, 2012 6:31
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The European Central Bank has agreed to hire an extra 40 staff by next year, following complaints by unions that the eurozone debt crisis had caused workloads to become “unsustainable”.

from Telegraph.co.uk

The ECB’s executive board has given the green light to the hiring of 40 new staff, a spokesman told AFP, confirming a corresponding report in German daily Die Welt.

But IPSO, the only recognised union at the ECB and whose members account for more than 40pc of staff, has said that will not be enough.

The ECB employs a total workforce of 2,600, with 1,200 of those on permanent contracts.

ECB president Mario Draghi already acknowledged back in July that the tasks facing the central bank staff had multiplied greatly as a result of the euro crisis and become “more difficult and psychologically demanding.”

Continue Reading at Telegraph.co.uk…



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