Park Group, also known as Ciner Holding, has decided to relocate its shipping company, Ciner Shipping to Greece.
The decision has been communicated to employees, and the Greek branch of the company will be operated by a firm established in Athens by Ciner Shipping CEO Vasileios Papakalodoukas, Turkish media reported.
On Friday morning, employees were reportedly informed via email that their contracts would be terminated with full legal compensation.
Additionally, it is alleged that CEO Vasileios Papakalodoukas has stepped down from his position and established a management firm in Greece, which will operate Ciner’s fleet from Athens.
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