New wages and benefits cuts and possible lay offs are on the way as the Greek government prepares a thorough spending recostruction plan for the state-run public enterprises DEKO. Greece’s lenders IMF/EU/ECB have put the knife in Athens neck and demanded immediate intervesions in order to raise at least 2.5-3 billion euros.
The plans foresee cutting of operational costs though a new salary scale for maximum 48,000 euros yearly. Currently the average wage is €40,00 per year in the DEKO, €30,00 in public entities, while wages in the private sector are significant lower. However in some state-run enterprises there are officials earning €4,800 4,000/month, with the average estimated at €3,000.
Overtime and other benefits would be cut as well reaching 10% of the wage cost. The cuts may be retroactive to the beginning of the year.
In some DEKO employees salaries had a reduction of 7% in March.
The Finance Ministry pepares also a list of public entities that can be abolished or merged, while there are still plans for possible privatization.
Source: Capital.gr
