Tag Archives: salary

Prime Minister Kyriakos Mitsotakis on Monday urged members of his cabinet and lawmakers of ruling New Democracy to donate 50% their salary for the next two months in the fight against the coronavirus epidemic. According to the Prime Minister’s call, the money should be deposit on a special account opened …

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The coronavirus crisis has dramatically hit the Greek labor market and allows companies to operate on staff’s rotation work thus cutting employee’s salaries by 50%. Employers can also suspend workers’ contracts. The Greek government issued a legislative act that allows employers and corporations to introduce a new system of rotational …

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Mayor of Stylida, former actor, Apostolos Gletsos, said he will give his salary as award for any information that will lead to the perpetrator who poisoned dogs and possibly other animals in the area. At least four healthy stray dogs found a horrible death in Marini area when unknown perpetrators …

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New morals in recession Greece. We know that employers delay salary and wage payments or that they pay in vouchers. But workers’ payment in kind and thus in form of drugs? Never heard of this before…. Land workers in Peloponnese received their wage not in euro but in form of …

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The failure to pay the employees’ earned salary, albeit in the long run,  sufficient by itself to establish the notion of  the harmful change in the terms of the employment contract. This is what judges in Greece’s Supreme Court ruled this week. Harmful change of employment contract is established when …

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Mafia-style practices in Greece’s labor market: employers hire people with criminal records to extort part of their employees’ salaries. An incredible denouncement has been made by the Association of Private Sector Employees. Workers go to ATMs in the escort of employers’ henchman and give back to employer part of their …

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Remember the strikes and the work stoppages launched by workers at public transport means Metro, Tram and Urban Train ISAP? They were successful! The management of STA.SY and the staff signed a new collective bargain contract according to which workers will receive basic salary hikes from 2% to 4%. According …

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Almost half of young employees between 18 and 29 years old earn less than €500 net per month despite the laws for over 25 saying otherwise. In a survey conducted by human resources and job seekers website kariera.gr among 5,208 respondents aged 18-35, students and University/technical college graduates the results …

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Greek Finance Minister Yanis Varoufakis announced a 40% cut to the salaries of broad of directors of the Greek Financial Stability Fund (HFSF). The decision refers to the salaries of the HFSF President, CEO, deputy CEO etc. Varoufakis stressed that the cuts will “save 300,000 euro per year” for the …

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In Greece of recession and IMF loan agreements reality of labor market has turned worse than in our worst nightmare. Employers not only pay their employees with up to six months delay. A new phenomenon has recently arose in the Greek labor market. Employees offer job vacancies and thus on …

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You will be very surprised to hear the average gross monthly salary in the Greek finance ministry the moment wages in the private sector cannot feed even a single household. Responding to a relevant question about the finance ministry budget expenses, finance minister Yiannis Stournaras revealed the salaries of the …

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Saturday morning in Vrilissia, short after 11 o’ clock: a man walks on the street. Suddenly he hides himself in the bushes. Flames arise from the green, screams are to be heard. A driver of a passing car, stops and rush to  extinguish the fire, calls the ambulance. The man is rushed …

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They are more than two years in prison  and they still receive their salaries from the Greek state.  In December 2010, municipality employees S.S., 50, and I.M. 51, were sentenced to life imprisonment and 17 years in jail respectively  for having murdered in cold blood the mayor of Paggaios in …

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At first sight the net salaries of governor George Provopoulos and other board members of the Bank of Greece are not particularly striking. For example, Provopoulos earns  7.615,92 euro per month, two deputy governors 8.148,12 and  7.373,64, three others 4.596,91,  5.944,26 and 6.765,87 euro respectively. Some of them do not pay …

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The monthly compensation a Greek President receives will be cut into half. With decision of the finance ministry and effect from September 1st 2012,  the monthly compensation of a Greek president will be 11,561 euro. After the cut,  he monthly compensation for the President is be equal to twice the salary of …

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I always knew, the EU officials had no idea about the real life in Europe, the real economic and social situation of EU- citizens and – taxpayers who come up for their expenses. And now this is officially confirmed, through an internal EU-Commission report asking for salary increases hikes and claiming “there …

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This is something that even his closed aides didn’t know. Lucas Papademos does not receive any salary for serving Greeks as their prime minister. According to daily TA NEA, Papademos made this revelation when a relevant question came by a German journalist. Unfortunately the Greek daily does not give any further …

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The President of the Greek Republic Karolos Papoulias will stop receiving compensation for the performance of his duties. Finance Minister Evangelos Venizelos announced this important decision after a meeting with Papoulias on Wednesday morning. “The President asked me to initiate procedures to make this happen” Venizelos told reporters. Newspaper Ethnos had …

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Wherever you sit and stand you will get confronted with private stories and destinies in the Tropic of Greek Austerity.  A huge scissors made of steel cuts salaries, pensions and jobs. Within a single month people see their income vanished and they have to cope with just 550 euro to feed their …

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