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Tag Archives: private sector

Prosperous 2014: Wages to reduce further in Greek private sector

The incomes of employees in Greece’s private sector are expected to undergo a further reduction at 1.5%. And this although wages fell at 21.7% during the last three years, after Greece surrendered to the Troika bailout mechanism. But of, course and in contrast employees at the Greek public sector and …

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Greece is boiling… with empty pockets

I am not going to talk about  the masses of municipality workers and policemen, civil servants, teachers and school guards who take to the streets every day protesting the upcoming lay-offs in the Greek public sector. I am going to talk about my friend Markos and my friend Giota. Two people …

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Greek Employees Work But Get No Payment

This signature that was put on several government papers on Monday confirmed just one thing: A Greek reality that more and more employees – whether in the private or even in the public sector – have been experiencing since last summer: That people work but do not receive their salaries. …

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Greek Tricks in Labor Market: Option for Civil Servants to Work in Private Sector?

Greek government is considering to give some employment options to civil servants and thus at the expenses of private sector employees. Daily TA NEA reports that civil servants will be given the incentive for an unpaid leave and employment in the private sector. The civil servant will be granted the …

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Survey in Private Sector: Dramatic cuts in wages & personnel for 2011

This is a dramatic development in the private sector. One in ten companies plan to cut salaries in 2011, is the result of a survey conducted by the KPMG polling company. At the same time, 4 out of 10 companies will give ‘zero’ increases and will decrease the number of …

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