TELECOM EGYPT CO ETEL.CA :

* BOARD APPROVED TO PROCEED WITH A VOLUNTARY EARLY RETIREMENT PROGRAM TO ITS EMPLOYEES

* PROGRAM IS ONE OF LARGEST COST SAVING INITIATIVES PROPOSED BY THE MANAGEMENT TARGETING 2000 EMPLOYEES IN 2019

* PROGRAM INCLUDES A MIX OF BENEFITS INCLUDING BULK AND MONTHLY CASH COMPENSATION AND A THREE YEAR MEDICAL INSURANCE TO THE APPLICANT AND HIS/ HER FAMILY

Source:(https://bit.ly/2HSHBD4) Further company coverage: ETEL.CA

((Reuters.Briefs@thomsonreuters.com;))