Correct, but OA
staff are not regular "employees", they are civil servants, appointed throught clientelism and political affiliation, and they joined a union.
The result is their job is 300% guaranteed, whatever they do or dont do.
These people are entitled to a lengthy list of bonuses (working shift, night time, etc...), something they would loose if the government was forced to reposition them into Ministries or parastatal administrations.
Moving such a monolith is too much, even for an Hercule.
So, the first smart move was to downsize the monolith, by splitting it into smaller parts. This was done (Olympic Airlines / technics / catering / etc..), but now the EU seems willing to get to the real figures and procedures of the perenial government subsidies, which means a very heavy fine down the line.
Who will pay ? the taxpayer of course, but he has already paid for so many years for OA
Political irresponsibility ? well, the politician who would dare to face civil servants unions is not born yet in this country.
The differences with staff and service at a privately run airline, i.e. Aegean, are striking.