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Tag Archives: unemployment

Greek Banks to Get Rid of 20,000 Employees

Twenty thousands employees are at risk of losing their jobs due to the bank mergers. According to daily Ethnos, excessive personnel will see the exit door, regardless of the position they hold in the hierarchy scale. The aim of the lay-offs is to compress operating costs down to a minimum. Greek …

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Crete: Employee Dies the Moment He Learns He Had Been Fired

 The news was too tough for the employee to bear. The man collapsed and passed away within minutes upon hearing that he had been dismissed. The 49-year-old man was employed at a company in Heraklion, Crete. The moment his employer announced his dismissal due to economic crisis imposed job cuts, the …

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Social Unrest Nears as Greece’s Society Groups Get Angry at Each Other?

It came as expected. Employees affected by the upcoming wages cuts included in the 11.5-billion-euro package took to the streets. Policemen, firefighters, coastal guards, judges, academics, teachers, doctors, tax officers. Greece’s public sector is boiling. Civil servants protest and strike and threaten with escalation of their mobilization.  Sept 6/2012 – Athens: Riot …

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Unemployment in Greece Breaks New Record: 24.4% in June 2012, 1:4 Without Job & Income

Unemployment in Greece broke another record in June reaching 24.4%. In comparison: 17.2% in June 2011 and 23.5% in May 2012. More than 50,000 people lost their jobs within one month, which translates that almost 1,200 working places were lost per day. And this during the summer period, when traditionally the …

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Greece Breaks New Record. In …Unemployment!

Unemployment successfully managed to break a new record and climbed up to 23.1% in May 2012. According to Greek Statistics Authority (ELSTAT), unemployment in May 2012 rose to 23.1% from 22.6% a month earlier. In comparison unemployment was 16.8% in May 2011. The total number of jobless Greeks is 1,147,372 men …

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Greece(22.5%) and Spain(24.8%) Lead in EU and EZ Unemployment

Greek’s never ending Calvary: Unemployment. Every month, a new record. Unemployment reached 22.5% in April  – in comparison 21.9% a month earlier and 16.2% a year earlier. According to Eurostat, Greece has the second-highest unemployment rate within the European Union, after Spain that sadly leads with 24.8% (June data). However Greeks …

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Unemployment in Greece Breaks New Record : 21.9% in Mar 2012

Unemployment in Greece breaks one record after the other. According to Greek Statistics Authority (ELSTAT) unemployment reach 21.9% in March 2012, while it was 21.4% a month earlier and 15.7% in March 2011. The total number of unemployed is 1.075.081 people aged 15-74. In 2008 the number of unemployed was …

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Unemployment in Greece: 21.7% in February 2012

900 people were losing their jobs on a daily basis in February 2012, pushing  the unemployment rates to 21.7%. According to Greek Statistics Authority (ELSTAT) the number of unemployed in 1,070,724 people and the number of employed suffered a 8% decrease, when compared to February 2011. Among the youth, younger …

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Spain: 24.4 % Unemployment in Historic Levels

Europeans in times of crisis. Of €uro Crisis. Of Debt Crisis. Of Survival Crisis. 1.7 million Spanish householda are without no income at all. Time to look right next to us and show solidarity. Then there are always real people with real destinies behind the figures. Show compassion, even if there …

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