Greek power workers threaten to resume strike

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ATHENS, March 18 | Thu Mar 18, 2010 6:31am GMT

ATHENS, March 18 (Reuters) - Workers at Public Power Corp (PPC), Greece's biggest electricity company, threatened on Thursday to go on a rolling 48-hour strike next week if the government refuses to withdraw wage and pension cuts.

The strike will begin on March 24 if a new round of talks with the ministers of finance and labour fails on Friday, said the state-controlled company's labour union, GENOP.

"Dialogue will have its last chance," the union said in a statement.

PPC (DEHr.AT) workers walked out of their jobs on Tuesday and Wednesday to protest wage cuts of at least 7 percent and pension reductions of at least 10 percent.

The 48-hour strike led to brief power cuts across the country. PPC, 51-percent owned by the government, boosted power imports from Bulgaria, Italy and Serbia to cope with demand and avert widespread outages.

The measures are part of a government austerity package taken under pressure from markets and the European Union to shore up the debt-ridden country's finances.

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